https://www.taxtmi.com/caselaws?id=392062 The ITAT dismissed the revenue's appeal, affirming the Ld.CIT(A)'s decision to delete interest levied under section 234B by the Ld. AO. The ITAT concluded that interest should not be imposed for shortfalls in advance tax payments resulting from retrospective amendments, as these were unforeseeable at the time of tax estimation. en-us Wed, 05 Feb 2020 00:00:00 +0530 Thu, 07 Nov 2024 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392062 The ITAT dismissed the revenue's appeal, affirming the Ld.CIT(A)'s decision to delete interest levied under section 234B by the Ld. AO. The ITAT concluded that interest should not be imposed for shortfalls in advance tax payments resulting from retrospective amendments, as these were unforeseeable at the time of tax estimation. Case-Laws Income Tax Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392062