9911796707
TMI Blog2001 (3) TMI 245X X X X Extracts X X X X X X X X Extracts X X X X ..... es 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, declaring a total income of Rs. 12,54,130. The same was processed under s. 143(1)(a) and also notices under ss. 143(2) and 142(1) were issued. Intimation under s. 143(1)(a) was passed on 15th Oct., 1992, accepting the returned income but interest was char ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... evidence on record and carefully considered the issue under consideration. It is undisputed fact that the assessee filed return of income on 20th Oct., 1990. Intimation under s. 143(1)(a) was passed on 15th Oct., 1992, accepting the return of income as filed by the assessee. Interest under s. 234B to the tune of Rs. 37,758 was also charged. Regular assessment under s. 143(3) was completed on 31st ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 computing the assessment seems to be on the part of the Department in this case and taking into account the fact that no addition was made to the income declared by the assessee and the returned income was accepted by the Department, we are of the opinion that t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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