https://www.taxtmi.com/caselaws?id=436659 The Tribunal allowed the appeal of the assessee, setting aside the findings of the ld. CIT(A) and ruling in favor of the assessee regarding the levy of interest u/s 234A. The crux of the matter was the commencement of interest u/s 234A, specifically whether it should start from the due date u/s 139(1) or the expiry of the period allowed in the notice u/s 153A. The Tribunal held that as the return was filed within the time allowed by the notice u/s 153A, no interest u/s 234A was deemed applicable. en-us Wed, 22 Mar 2023 00:00:00 +0530 Mon, 17 Apr 2023 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436659 The Tribunal allowed the appeal of the assessee, setting aside the findings of the ld. CIT(A) and ruling in favor of the assessee regarding the levy of interest u/s 234A. The crux of the matter was the commencement of interest u/s 234A, specifically whether it should start from the due date u/s 139(1) or the expiry of the period allowed in the notice u/s 153A. The Tribunal held that as the return was filed within the time allowed by the notice u/s 153A, no interest u/s 234A was deemed applicable. Case-Laws Income Tax Wed, 22 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436659