https://www.taxtmi.com/caselaws?id=758855 The ITAT dismissed the assessee's appeal regarding the rectification order under Section 154 for the assessment year 2011-2012, affirming its validity within the statutory time limit. The Tribunal also upheld the maintainability of interest under Section 234A, noting that the issue had attained finality as it was not appealed against in the original assessment order. The Tribunal deemed the stay petition infructuous, emphasizing the mandatory nature of interest charging under Section 234A, and pronounced its decision on May 31, 2024, per Rule 34 of The Income Tax (Appellate Tribunal) Rules, 1963. en-us Fri, 31 May 2024 00:00:00 +0530 Thu, 19 Sep 2024 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758855 The ITAT dismissed the assessee's appeal regarding the rectification order under Section 154 for the assessment year 2011-2012, affirming its validity within the statutory time limit. The Tribunal also upheld the maintainability of interest under Section 234A, noting that the issue had attained finality as it was not appealed against in the original assessment order. The Tribunal deemed the stay petition infructuous, emphasizing the mandatory nature of interest charging under Section 234A, and pronounced its decision on May 31, 2024, per Rule 34 of The Income Tax (Appellate Tribunal) Rules, 1963. Case-Laws Income Tax Fri, 31 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758855