https://www.taxtmi.com/caselaws?id=410427 The Tribunal set aside the Commissioner of Income Tax (Appeals) order and directed the assessing officer to delete the interest levied under sections 234B and 234C of the Income Tax Act, 1961. The Tribunal found that the appellant, a senior citizen partner in a partnership firm, was not liable for advance tax under sections 207 and 208 as the appellant did not have income chargeable under the head of profit and gains of business or profession. Additionally, the Tribunal allowed the appeal against the Commissioner's order, considering the appellant's senior citizen status and admitting the appeal despite the delay in filing. en-us Wed, 16 Jun 2021 00:00:00 +0530 Mon, 02 Aug 2021 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410427 The Tribunal set aside the Commissioner of Income Tax (Appeals) order and directed the assessing officer to delete the interest levied under sections 234B and 234C of the Income Tax Act, 1961. The Tribunal found that the appellant, a senior citizen partner in a partnership firm, was not liable for advance tax under sections 207 and 208 as the appellant did not have income chargeable under the head of profit and gains of business or profession. Additionally, the Tribunal allowed the appeal against the Commissioner's order, considering the appellant's senior citizen status and admitting the appeal despite the delay in filing. Case-Laws Income Tax Wed, 16 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410427