2001 (3) TMI 245

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....bsp;                              This appeal by the assessee relates to asst. yr. 1990-91 and emanates from the order under s. 154 of the IT Act. 2. The assessee-firm filed return of income for the year under consideration on 29th Oct., 1990, decla....

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....) he did not accept the plea of the assessee and dismissed the appeal. 3. We have heard the submissions as advanced by Shri Lakshminarasimhan, learned authorised representative, and Shri Anjaneyulu, learned Departmental Representative, perused the evidence on record and carefully considered the issue under consideration. It is undisputed fact that the assessee filed return of income on 20th Oct....

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.... this section upto the date on which the tax is so paid, and reduced by the interest, if any, paid under s. 140A towards the interest chargeable under this section; (ii)....................." Thus, it is clear that interest should be calculated upto the date on which tax is paid and reduced by interest, if any, paid under s. 140A towards interest chargeable under s. 234B. The delay in comput....