2019 (2) TMI 2146

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....DR ORDER PER MAHAVIR SINGH, JM: This appeal by the assessee is arising out of the order of Commissioner of Income Tax (Appeals)-53, Mumbai [in short CIT(A)], in appeal No. CIT(A)-53/IT-322/ITO-19(1)(3)/2017-18 vide dated 03.04.2018. The Assessment was framed by the Income Tax Officer, ward -19(1)(3), Mumbai (in short 'ITO/ AO') for the A.Y. 2009-10 vide dated nil under section 143(3) read....

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....ty Amount Rajkamal Steel 2,98,871/- Harish metal & Tubes 15,64,878/- Anket Steel Pvt. Ltd. 1,86,670/- Manav Impex 1,61,517/- Coral Trading Co. 1,46,384/- Vidhi Metal Industries 1,89,953/- Pakshal Steel & Engineering Co. 94,481/- Shree Ganesh Steel 1,17,061/- Navpad Steel (India) 1,88,265/- Total 29,48,080/- 4. The AO issued noticed ....

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....observing as under: - "6. Ground of appeal No 3 is in respect of charging of interest u/s 234A, 234B and 234C of the Act. The charging of interest is consequential to the assessed income and is mandatory. The levy of interest u/s 234A, 234B and 234C of the Act is mandatory and arises as a consequence of the income assessed. The appellant has not explained how the charging of interest is n....