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2004 (4) TMI 257 - ITAT AMRITSAR
Extract:
.......(3) and Expln. (3) to s. 234B clearly contemplates the charging of interest in such circumstances. In view of this legal position, we hold that the interest is rightly chargeable. However, the consequential relief resulting from our decision on the above grounds is directed to be allowed accordingly. 12. In the result, the appeal is partly allowed.