2004 (9) TMI 334

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of the assessee is general in nature which does not require any adjudication. 3. Ground No. 3 has been withdrawn by the learned Authorised Representative of the assessee during the course of hearing. Thus the same is dismissed as withdrawn. 4. Now we have to decide the Ground No. 2 of the assessees appeal where the learned CIT(A) had confirmed the levy and charging of interest under s. 201(1A) o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... d by the Hon'ble apex Court in the case of CIT vs. Ranchi Club Ltd. (2000) 164 CTR (SC) 200 : (2001) 247 ITR 209 (SC). Therefore, the AO was required to pass a speaking order for charging of interest under s. 201(1A). Similar view was taken by the Tribunal, Nagpur Bench, in the case of Vidarbha Liquor Corpn. vs. Asstt. CIT (1999) 64 TTJ (Nag) 255. Therefore, we are of the opinion that the AO shoul .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X