https://www.taxtmi.com/caselaws?id=234805 The Tribunal upheld the CIT (A)'s decision regarding the computation of interest under section 234 B of the IT Act for the assessment year 1998-99. It found that the interest amount in question was not payable under section 140 A but became due upon regular assessment, supporting the CIT (A)'s order and dismissing the revenue's appeal. Additionally, the Tribunal ruled in favor of the assessee concerning the levy of interest under section 234 D, as no refund had been granted under section 143 (1), thus deeming the interest levy unwarranted and dismissing the revenue's appeal in this regard. en-us Fri, 21 Jun 2013 00:00:00 +0530 Thu, 27 Jun 2013 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234805 The Tribunal upheld the CIT (A)'s decision regarding the computation of interest under section 234 B of the IT Act for the assessment year 1998-99. It found that the interest amount in question was not payable under section 140 A but became due upon regular assessment, supporting the CIT (A)'s order and dismissing the revenue's appeal. Additionally, the Tribunal ruled in favor of the assessee concerning the levy of interest under section 234 D, as no refund had been granted under section 143 (1), thus deeming the interest levy unwarranted and dismissing the revenue's appeal in this regard. Case-Laws Income Tax Fri, 21 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234805