Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2022 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (5) TMI 447 - AT - Income TaxRectification of mistake u/s 154 - levying interest u/s. 234B - AR has substantiated that the interest calculation u/s 234B is excessive as the AO has charged the interest u/s 154, though the tax demand was prior to the passing of rectification petition but the AO has levied the interest u/s 234B of the Act after the date of 154 order - HELD THAT:- Considering assessee submission that AO has erred in charging interest from first day of assessment year which the passing of rectification order u/s 154 and the ld. AR also substantiated with the chart referring the dates on which the payments have been made and further submitted that an opportunity to provide for substantiate before the lower authorities, the Ld. DR has no specific objection, circumstances and details we are of the opinion that the matter has to be reworked accordingly we restore the entire disputed issue to the file of the AO for limited purpose along with evidences in the course of hearing to verify, examine and pass the order on merits and allow the grounds of appeal of the assessee for statistical purposes.
|