Justification of Interest levied u/s 234.::

Last updated: 07 September 2007

Court :
HC

Brief :
Held by the Hon'ble court that as per provisions of section 234A,234B &234C vis-à-vis section 156 of the Act there is no direction in the assessment order to levy interest thus there is no substantial question of law arose from the order of the tribunal of deleting interest.

Citation :
Gold Tex Furnishing Industries Vs. C.I.T.

Justification of Interest levied u/s 234. Gold Tex Furnishing Industries Vs. C.I.T. 21/08/2002 (2005) 276 ITR 164 (Delhi) Case Fact: Whether deletion of interest under section 234 is justified if there is no direction in the Assessment order to levy interest. Decision: Held by the Hon'ble court that as per provisions of section 234A,234B &234C vis-à-vis section 156 of the Act there is no direction in the assessment order to levy interest thus there is no substantial question of law arose from the order of the tribunal of deleting interest.