https://www.taxtmi.com/caselaws?id=332496 The High Court of Madras determined that the terminal date for charging interest under Section 234B of the Income Tax Act, 1961, in a case involving a Settlement Commission order, should be the date on which the settlement application was entertained, i.e., 04.07.1997. The court set aside the impugned order and directed that interest under Section 234A be charged up to the date of entertaining the application, not the later date of the final order. The writ petition was allowed with no costs awarded, leading to the closure of the connected miscellaneous petition. en-us Tue, 06 Sep 2016 00:00:00 +0530 Mon, 19 Sep 2016 11:16:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332496 The High Court of Madras determined that the terminal date for charging interest under Section 234B of the Income Tax Act, 1961, in a case involving a Settlement Commission order, should be the date on which the settlement application was entertained, i.e., 04.07.1997. The court set aside the impugned order and directed that interest under Section 234A be charged up to the date of entertaining the application, not the later date of the final order. The writ petition was allowed with no costs awarded, leading to the closure of the connected miscellaneous petition. Case-Laws Income Tax Tue, 06 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332496