https://www.taxtmi.com/caselaws?id=772037 The ITAT Delhi dismissed the revenue's appeal regarding interest charged under Section 234B. The case involved a rectification order under Section 154 to levy interest on advance tax shortfall where no TDS was deducted. The tribunal held that following the SC judgment in Mitsubishi Corporation, interest under Section 234B should be deleted. Additionally, the rectification order was unsustainable as there was no "mistake apparent from record" under Section 154, given existing favorable HC decisions. The CIT(A)'s order was upheld. en-us Fri, 30 May 2025 00:00:00 +0530 Tue, 03 Jun 2025 08:50:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772037 The ITAT Delhi dismissed the revenue's appeal regarding interest charged under Section 234B. The case involved a rectification order under Section 154 to levy interest on advance tax shortfall where no TDS was deducted. The tribunal held that following the SC judgment in Mitsubishi Corporation, interest under Section 234B should be deleted. Additionally, the rectification order was unsustainable as there was no "mistake apparent from record" under Section 154, given existing favorable HC decisions. The CIT(A)'s order was upheld. Case-Laws Income Tax Fri, 30 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772037