Charging of interest under section 234A,234B,234C and 234D of the Income Tax Act, 1961

Last updated: 17 September 2021

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This judgement addresses the charging of interest under various sections of the Income Tax Act, 1961, specifically concerning assessment year 2014-15. The Income Tax Appellate Tribunal allowed the appeal of the assessee, Shri Kushal Virendra Tandon, a film actor and model. The tribunal overturned the disallowance of a deduction claimed under section 35(1)(ii) for a donation made to the 'School of Human Genetics and Pollution Health'. The assessee had claimed a weighted deduction of Rs. 17,50,000/- on a donation of Rs. 10,00,000/-, and the tribunal found that the recipient institution had valid approval at the time of donation.

Court :
ITAT Mumbai

Brief :
The present appeal filed by the assessee is directed against the order passed by the CIT(A)-4, Mumbai, dated 17.09.2019, which in turn arises from the order passed by the A.O u/s 143(3) of the income Tax Act, 1961 (for short „Act‟, dated 27.12.2016 for A.Y. 2014-15.

Citation :
ITA No.7572/MUM/2019

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1 Year PLAN - Rs.~~1999~~

1799

(Excl. of GST ₹323)

2 Years PLAN - Rs.~~3499~~

3149

(Excl. of GST ₹566)

BEST VALUE

3 Years PLAN - Rs.~~4999~~

4499

(Excl. of GST ₹809)

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Attached File : 1442821_4430_1630659325_latest_latest_newest__ita_7572_kushal_tandon.pdf

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Judgement posted by

Poojitha Raam Vinay

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I simplify complex income tax, TDS, banking, and investment updates into practical insights for taxpayers, salaried professionals, pensioners, and senior citizens. I regularly write on ITR filing, tax compliance, savings schemes, and the latest financial rule changes in India.

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