Levy interest u/s 234E - interest levied prior to amendment ...

Interest u/s 234E not applicable before June 1, 2015; court rules in favor of taxpayer.

September 14, 2021

Case Laws Income Tax AT

Levy interest u/s 234E - interest levied prior to amendment w.e.f. 1.6.2015 - diversified views - CIT(A) himself says, that the issue is debatable then the same takes the adjustment out of the jurisdiction of CPC Bangalore. As debatable issues cannot be decided under computerised adjustment. Hence to conclude since it has been held by higher courts that prior to enabling provision to levy interest under section 234E, the interest for earlier period return due cannot be upheld we set aside the order of learned CIT(A) and decide the issue in favour of assessee. - AT

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Levy interest u/s 234E - interest levied prior to amendment ...

Interest u/s 234E not applicable before June 1, 2015; court rules in favor of taxpayer.

September 14, 2021

Case Laws Income Tax AT

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