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Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
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AI Drafter - (New and Powerful) ✕ Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
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Issues: Whether interest under Section 234B of the Income-tax Act, 1961 was leviable against the assessee.
Analysis: The appeals concerned the levy of interest under Section 234B. The Court followed its earlier decision in connected matters and noted that the Revenue did not dispute the applicability of that view.
Conclusion: The issue was decided in favour of the assessee and against the Revenue.
Final Conclusion: The appeals were allowed by applying the earlier view on Section 234B interest.
Ratio Decidendi: Where the controlling issue is covered by an earlier binding view and is not disputed, the same conclusion is to be applied consistently in subsequent connected appeals.
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