2002 (8) TMI 74 - HC - Income Tax

This is an appeal by the Revenue under section 260A challenging the order passed by the Income-tax Appellate Tribunal deleting the interest charged under sections 234A and 234B - Admittedly, in the present case, there is no direction in the assessment order for charging of interest under sections 234A and 234B of the Act. - In view of the aforenoted authoritative pronouncements, no question of law, much less a substantial question of law arises from the order of the Tribunal.

Summary

The High Court of Delhi dismissed the Revenue's appeal challenging the deletion of interest charged under sections 234A and 234B of the Income-tax Act, 1961 by the Income-tax Appellate Tribunal. The Tribunal's decision was based on Supreme Court rulings affirming that interest can only be charged if there is a specific direction in the assessment order. No substantial question of law arose from the Tribunal's order.