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<h1>Karnataka HC upholds ITAT decision on interest levy under Income Tax Act Section 234</h1> The Karnataka HC dismissed the assessee's appeal against the Income Tax Appellate Tribunal's decision to levy interest under Section 234 of the Income Tax ... - The Karnataka High Court dismissed an appeal by the assessee challenging the Income Tax Appellate Tribunal's order to charge interest under Section 234 of the Income Tax Act. The court found the authorities justified in rejecting the claim and awarding interest due to the retrospective effect of the amendment to Section 234-A of the Act.