https://www.taxtmi.com/caselaws?id=242721 The Tribunal upheld the decision of the Ld. Commissioner of Income Tax (Appeals) in deleting the interest levied by the Assessing Officer u/s 234B. The Tribunal found that interest u/s 234B is not mandatory in nature and ruled in favor of the assessees based on relevant provisions and case law. The appeals of the Revenue were dismissed, and the assessees were not liable to pay interest under Section 234B of the Income Tax Act. en-us Tue, 16 Jul 2013 00:00:00 +0530 Sun, 19 Jan 2014 09:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242721 The Tribunal upheld the decision of the Ld. Commissioner of Income Tax (Appeals) in deleting the interest levied by the Assessing Officer u/s 234B. The Tribunal found that interest u/s 234B is not mandatory in nature and ruled in favor of the assessees based on relevant provisions and case law. The appeals of the Revenue were dismissed, and the assessees were not liable to pay interest under Section 234B of the Income Tax Act. Case-Laws Income Tax Tue, 16 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242721