https://www.taxtmi.com/caselaws?id=59414 Interest under sections 234A and 234B could not be sustained where the assessment order contained no specific levy and the demand notice attempted to introduce it for the first time. The Tribunal applied binding precedent that such interest must be charged with reference to the returned income and only when the assessment order directs its levy. On that basis, deletion of the interest was upheld and the Department's appeal failed. en-us Wed, 31 Jan 2001 00:00:00 +0530 Wed, 29 Dec 2010 15:37:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59414 Interest under sections 234A and 234B could not be sustained where the assessment order contained no specific levy and the demand notice attempted to introduce it for the first time. The Tribunal applied binding precedent that such interest must be charged with reference to the returned income and only when the assessment order directs its levy. On that basis, deletion of the interest was upheld and the Department's appeal failed. Case-Laws Income Tax Wed, 31 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59414