https://www.taxtmi.com/caselaws?id=336963 The Tribunal upheld the decision of the ld CIT(A) to delete the interest charged u/s.234B for the assessment year 2008-09. The Tribunal found the decision of the Hon'ble Jurisdictional High Court binding, ruling that interest can only be charged on the income declared in the return, not on the assessed income. The dismissal of the Revenue's review petition by the Hon'ble Jharkhand High Court further supported the validity of the ld CIT(A)'s order, leading to the dismissal of the Revenue's appeal. en-us Mon, 05 Dec 2016 00:00:00 +0530 Wed, 28 Dec 2016 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336963 The Tribunal upheld the decision of the ld CIT(A) to delete the interest charged u/s.234B for the assessment year 2008-09. The Tribunal found the decision of the Hon'ble Jurisdictional High Court binding, ruling that interest can only be charged on the income declared in the return, not on the assessed income. The dismissal of the Revenue's review petition by the Hon'ble Jharkhand High Court further supported the validity of the ld CIT(A)'s order, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Mon, 05 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336963