2024 (1) TMI 419

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..../ 1051244096(1), dated 24.03.2023. The assessment was framed by the Income-tax Officer, Ward(1), Hosur for the assessment year 2010-11 dated 13.12.2018, u/s. 143(3) r.w.s. 147 of the Income-tax Act, 1961 (hereinafter referred to as "the Act"). 2. At the outset, ld. Counsel for the assessee stated that he has raised a jurisdictional issue in its Cross Objection and hence first Cross Objection should be taken up for hearing. The only issue in this Cross Objection raised by assessee is that, charging of interest u/s. 234A, 234B & 234C of the Act is highly debatable and that cannot be rectified by the Assessing Officer while acting u/s. 154 of the Act. For this jurisdictional issue, assessee in its Cross Objection has raised seven grounds wh....

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.... that in the assessment order interest has already been charged u/s. 234A of the Act and rightly computed. The Assessing Officer in his rectification order passed u/s. 154 r.w.s. 143(3) r.w.s. 147 of the Act dated 19.01.2021, recomputed the interest and charged the interest for 81 months and thereby raised demand notice for an amount of Rs. 53,938/- which is subject matter on dispute now before us. 4. Aggrieved against this rectification order, the assessee preferred an appeal before the CIT(A). The CIT(A) on merits deleted disallowance by observing that as per provisions of Act and provisions of section 234A of the Act, it is clear that the return of income for any assessment year, required by a notice u/s. 148 of the Act issued after t....