https://www.taxtmi.com/caselaws?id=458793 The ITAT allowed the assessee's appeal, directing the AO to delete interest charges under sections 234A, 234B, and 234C of the Income-tax Act, 1961. The Tribunal recognized the partnership firm's tax audit status under section 44AB, affecting the due date for filing returns under section 139(1). It emphasized adherence to natural justice principles, ensuring procedural fairness. The Tribunal's decision highlighted the necessity of aligning filing deadlines with audit obligations, ensuring accurate tax liability determinations, and safeguarding taxpayer rights. en-us Wed, 10 Apr 2024 00:00:00 +0530 Fri, 15 Nov 2024 18:59:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458793 The ITAT allowed the assessee's appeal, directing the AO to delete interest charges under sections 234A, 234B, and 234C of the Income-tax Act, 1961. The Tribunal recognized the partnership firm's tax audit status under section 44AB, affecting the due date for filing returns under section 139(1). It emphasized adherence to natural justice principles, ensuring procedural fairness. The Tribunal's decision highlighted the necessity of aligning filing deadlines with audit obligations, ensuring accurate tax liability determinations, and safeguarding taxpayer rights. Case-Laws Income Tax Wed, 10 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458793