2019 (12) TMI 215

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....SHA DEVANI) 1. Mr. Varun Patel, learned Senior Standing Counsel for the appellant invited the attention of the court to the provisions of section 234A of the Income Tax Act, 1961 to submit that the assessee is liable to pay simple interest at the rate of one percent for every month or a part of a month comprised in the period commencing on the date immediately following the due date in two cont....

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....ction 234A of the Act does not envisage exemption from payment of interest at the rate of one percent for the period during which no valid return of income could be filed under section 139 of the Act. 2. Having regard to the submissions advanced by the learned Senior Standing Counsel for the appellant, the court is of the view that the appeal requires consideration. Hence, Admit. 2.1 Followi....