https://www.taxtmi.com/caselaws?id=446651 The Tribunal set aside the decisions of the lower authorities due to the lack of reasoning in dismissing the Assessee's application regarding the erroneous calculation of interest under sections 234B and 234C of the Income Tax Act, 1961. The matter was remitted back to the Assessing Officer for reconsideration, directing the issuance of a speaking order after allowing the Assessee a reasonable opportunity to be heard. The Assessee's appeal was allowed for statistical purposes, emphasizing the necessity of reasoned orders in quasi-judicial proceedings. en-us Fri, 01 Dec 2023 00:00:00 +0530 Fri, 08 Dec 2023 08:56:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446651 The Tribunal set aside the decisions of the lower authorities due to the lack of reasoning in dismissing the Assessee's application regarding the erroneous calculation of interest under sections 234B and 234C of the Income Tax Act, 1961. The matter was remitted back to the Assessing Officer for reconsideration, directing the issuance of a speaking order after allowing the Assessee a reasonable opportunity to be heard. The Assessee's appeal was allowed for statistical purposes, emphasizing the necessity of reasoned orders in quasi-judicial proceedings. Case-Laws Income Tax Fri, 01 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446651