https://www.taxtmi.com/caselaws?id=63061 The Tribunal allowed the appeal filed by the assessee against the levy of interest under sections 234B and 234C of the IT Act for the assessment year 1989-90. The Tribunal followed the judgment of the Karnataka High Court, ruling in favor of the assessee and ordering the deletion of interest under those sections. Additionally, the Tribunal directed the deletion of interest under section 201(1A) as procedural concerns should have been addressed by the assessing officer. The decision clarified that the assessing officer could pursue the matter through the appropriate jurisdiction, ultimately resulting in a favorable outcome for the assessee. en-us Mon, 25 Sep 2000 00:00:00 +0530 Thu, 27 Jan 2011 17:03:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63061 The Tribunal allowed the appeal filed by the assessee against the levy of interest under sections 234B and 234C of the IT Act for the assessment year 1989-90. The Tribunal followed the judgment of the Karnataka High Court, ruling in favor of the assessee and ordering the deletion of interest under those sections. Additionally, the Tribunal directed the deletion of interest under section 201(1A) as procedural concerns should have been addressed by the assessing officer. The decision clarified that the assessing officer could pursue the matter through the appropriate jurisdiction, ultimately resulting in a favorable outcome for the assessee. Case-Laws Income Tax Mon, 25 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63061