https://www.taxtmi.com/caselaws?id=776650 ITAT Mumbai held that interest under section 234A cannot be levied for the period after the assessee fully discharged the self-assessment tax liability by 30/12/2021. Since the return was filed within the extended timeline and the tax was paid before the due date, no further interest accrual was justified. The tribunal relied on CBDT Circular No. 2/2015 and the Supreme Court ruling in Prannoy Roy, confirming that interest under section 234A is not chargeable once the tax liability is settled. Consequently, the levy of interest from 01/01/2022 to 31/03/2022 was held to be without legal authority and was deleted. The assessee's appeal was allowed. en-us Mon, 11 Aug 2025 00:00:00 +0530 Wed, 13 Aug 2025 10:30:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776650 ITAT Mumbai held that interest under section 234A cannot be levied for the period after the assessee fully discharged the self-assessment tax liability by 30/12/2021. Since the return was filed within the extended timeline and the tax was paid before the due date, no further interest accrual was justified. The tribunal relied on CBDT Circular No. 2/2015 and the Supreme Court ruling in Prannoy Roy, confirming that interest under section 234A is not chargeable once the tax liability is settled. Consequently, the levy of interest from 01/01/2022 to 31/03/2022 was held to be without legal authority and was deleted. The assessee's appeal was allowed. Case-Laws Income Tax Mon, 11 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776650