https://www.taxtmi.com/caselaws?id=774803 ITAT Hyderabad allowed the appeal for statistical purposes, setting aside the matter to the AO for verification. The tribunal found that the assessee had filed the return of income, contradicting the AO's basis for levying interest under section 234A. The assessee claimed adjustment of seized cash against tax liability, which required verification. Additionally, the AO incorrectly calculated interest under section 234B while giving effect to CIT(A)'s order. The tribunal directed the AO to verify and examine both interest calculations after providing appropriate hearing opportunity to the assessee. en-us Fri, 16 May 2025 00:00:00 +0530 Tue, 15 Jul 2025 08:39:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774803 ITAT Hyderabad allowed the appeal for statistical purposes, setting aside the matter to the AO for verification. The tribunal found that the assessee had filed the return of income, contradicting the AO's basis for levying interest under section 234A. The assessee claimed adjustment of seized cash against tax liability, which required verification. Additionally, the AO incorrectly calculated interest under section 234B while giving effect to CIT(A)'s order. The tribunal directed the AO to verify and examine both interest calculations after providing appropriate hearing opportunity to the assessee. Case-Laws Income Tax Fri, 16 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774803