https://www.taxtmi.com/caselaws?id=267153 The Tribunal upheld the Assessing Officer's calculation of interest under Section 234A and 234B of the Income Tax Act, determining it as compensatory rather than penal. The Tribunal dismissed the assessee's appeal, citing that judicial pronouncements relied upon were not applicable due to differing factual circumstances. The Tribunal concluded that there was no apparent mistake warranting rectification and dismissed the Miscellaneous Petition, affirming the CIT (Appeals) decision. en-us Thu, 24 Sep 2015 00:00:00 +0530 Sat, 31 Oct 2015 09:41:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267153 The Tribunal upheld the Assessing Officer's calculation of interest under Section 234A and 234B of the Income Tax Act, determining it as compensatory rather than penal. The Tribunal dismissed the assessee's appeal, citing that judicial pronouncements relied upon were not applicable due to differing factual circumstances. The Tribunal concluded that there was no apparent mistake warranting rectification and dismissed the Miscellaneous Petition, affirming the CIT (Appeals) decision. Case-Laws Income Tax Thu, 24 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267153