2005 (4) TMI 280 - AT - Income Tax

Summary

The appeal by the assessee against the order of the CIT(A) for the asst. yr. 1996-97 was heard by the Appellate Tribunal ITAT MADRAS-B. The Tribunal directed the AO to recompute interest under s. 234A only until the date of payment of tax, as per a decision of the Hon'ble Delhi High Court. The Tribunal also ordered the correct computation of interest under s. 234B. As a result, the appeal of the assessee was allowed pro tanto.