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234 A & 271 B

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(Querist)
18 March 2009 Panelty u/s 271 B had been dropped by A.O. due to not reasonable reasons. Whether interest u/s 234 A is levialble or not
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
18 March 2009 yes it will be leviable
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
18 March 2009 Yes. Interest is payable even if Penalty is waived off.
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