https://www.taxtmi.com/caselaws?id=63304 The ITAT determined that the Assessing Officer correctly identified a mistake in the interest calculation under section 234B, justifying rectification under section 154. The interest was to be charged up to the date of the original assessment order, not the reassessment. The appeal was partly allowed, overturning the CIT(A)'s decision that upheld the incorrect interest charge. This decision aligns with the Supreme Court's mandate on the obligatory nature of interest under section 234B. The Assessing Officer had jurisdiction to rectify the mistake despite the ITAT's prior order. en-us Fri, 25 May 2007 00:00:00 +0530 Mon, 12 Feb 2024 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63304 The ITAT determined that the Assessing Officer correctly identified a mistake in the interest calculation under section 234B, justifying rectification under section 154. The interest was to be charged up to the date of the original assessment order, not the reassessment. The appeal was partly allowed, overturning the CIT(A)'s decision that upheld the incorrect interest charge. This decision aligns with the Supreme Court's mandate on the obligatory nature of interest under section 234B. The Assessing Officer had jurisdiction to rectify the mistake despite the ITAT's prior order. Case-Laws Income Tax Fri, 25 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63304