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

Last updated: 17 September 2021
Quick Summary
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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