https://www.taxtmi.com/caselaws?id=778407 ITAT, Mumbai held that interest under s.234B cannot be levied beyond the date on which the tax due was paid (30.04.2023); excess interest computed by the CPC is deleted. The Tribunal affirmed the Ld. CIT(A)'s finding that the payment treated by the CPC as payment under s.140B(1) was correctly characterized, and found no infirmity in that determination. Overall relief granted limited to deletion of excess s.234B interest; other treatment of the payment was sustained. en-us Wed, 03 Sep 2025 00:00:00 +0530 Tue, 16 Sep 2025 09:02:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778407 ITAT, Mumbai held that interest under s.234B cannot be levied beyond the date on which the tax due was paid (30.04.2023); excess interest computed by the CPC is deleted. The Tribunal affirmed the Ld. CIT(A)'s finding that the payment treated by the CPC as payment under s.140B(1) was correctly characterized, and found no infirmity in that determination. Overall relief granted limited to deletion of excess s.234B interest; other treatment of the payment was sustained. Case-Laws Income Tax Wed, 03 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778407