https://www.taxtmi.com/caselaws?id=761781 ITAT Delhi allowed the appeal regarding interest charges under sections 234A, 234B, and 234C. The CPC initially processed the return holding the due date as 05.08.2013 and charged interest, but the case was later selected for scrutiny. The tribunal found that since the partnership firm was liable for tax audit under section 44AB, the due date for filing return under section 139(1) was 31.10.2013, not 05.08.2013. The department had accepted this position for the firm but took a divergent stand for the assessee partner. Following precedent, the tribunal directed deletion of interest charges under sections 234A and 234B, ruling in favor of the assessee. en-us Thu, 14 Nov 2024 00:00:00 +0530 Sat, 16 Nov 2024 08:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761781 ITAT Delhi allowed the appeal regarding interest charges under sections 234A, 234B, and 234C. The CPC initially processed the return holding the due date as 05.08.2013 and charged interest, but the case was later selected for scrutiny. The tribunal found that since the partnership firm was liable for tax audit under section 44AB, the due date for filing return under section 139(1) was 31.10.2013, not 05.08.2013. The department had accepted this position for the firm but took a divergent stand for the assessee partner. Following precedent, the tribunal directed deletion of interest charges under sections 234A and 234B, ruling in favor of the assessee. Case-Laws Income Tax Thu, 14 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761781