https://www.taxtmi.com/caselaws?id=56835 The tribunal allowed the appeal, setting aside the decision taken during the first appeal and restoring the direction to charge interest under section 234A of the IT Act, 1961. The tribunal emphasized the mandatory nature of charging interest under section 234A, stating that it is not discretionary for the Assessing Officer to waive or reduce it. The tribunal held that the failure to charge interest where it is clearly chargeable constitutes a mistake apparent from the record. en-us Fri, 24 Nov 1995 00:00:00 +0530 Mon, 06 Dec 2010 18:48:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56835 The tribunal allowed the appeal, setting aside the decision taken during the first appeal and restoring the direction to charge interest under section 234A of the IT Act, 1961. The tribunal emphasized the mandatory nature of charging interest under section 234A, stating that it is not discretionary for the Assessing Officer to waive or reduce it. The tribunal held that the failure to charge interest where it is clearly chargeable constitutes a mistake apparent from the record. Case-Laws Income Tax Fri, 24 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56835