https://www.taxtmi.com/caselaws?id=71044 The Tribunal upheld the CIT(A)'s decision to refer the matter back to the AO for fresh consideration regarding the charging of interest under s. 158BFA(1). It was emphasized that interest should not be mandatory if the delay in filing the block return was not the assessee's fault. The Tribunal dismissed the Departmental appeal, highlighting that penalizing the assessee for delays beyond their control was unjust, and interest charges should only be imposed if the delay was within the assessee's control. en-us Fri, 28 Sep 2001 00:00:00 +0530 Thu, 21 Apr 2011 10:59:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71044 The Tribunal upheld the CIT(A)'s decision to refer the matter back to the AO for fresh consideration regarding the charging of interest under s. 158BFA(1). It was emphasized that interest should not be mandatory if the delay in filing the block return was not the assessee's fault. The Tribunal dismissed the Departmental appeal, highlighting that penalizing the assessee for delays beyond their control was unjust, and interest charges should only be imposed if the delay was within the assessee's control. Case-Laws Income Tax Fri, 28 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71044