https://www.taxtmi.com/caselaws?id=405441 The Tribunal upheld the order of the ld. CIT(A) regarding the addition of interest under Section 234A(1) of the Income Tax Act, 1961, dismissing the appeal of the assessee. The Tribunal found that the rectification correcting the interest charged under Section 234A(1) instead of Section 234A(3) was valid as it rectified a clear mistake, determining that the case fell under Section 234A(1) explanation (3) due to the timing of filing the return. The Tribunal concluded that the decision was not debatable and was supported by legal provisions and precedents. en-us Wed, 17 Mar 2021 00:00:00 +0530 Sun, 21 Mar 2021 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405441 The Tribunal upheld the order of the ld. CIT(A) regarding the addition of interest under Section 234A(1) of the Income Tax Act, 1961, dismissing the appeal of the assessee. The Tribunal found that the rectification correcting the interest charged under Section 234A(1) instead of Section 234A(3) was valid as it rectified a clear mistake, determining that the case fell under Section 234A(1) explanation (3) due to the timing of filing the return. The Tribunal concluded that the decision was not debatable and was supported by legal provisions and precedents. Case-Laws Income Tax Wed, 17 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405441