Computation of interest u/s 234A of the Income Tax Act

Last updated: 17 June 2021
Quick Summary
This case concerns the calculation of interest under Section 234A of the Income Tax Act for the Assessment Year 2018-19. The assessee inadvertently filed the wrong tax return form (ITR-II instead of ITR-III) and filed it late, leading to a higher interest charge. While the lower appellate authority granted some relief regarding the period of interest, they did not accept the argument that no interest should be charged if self-assessment tax was paid on time.

Court :
ITAT Hyderabad

Brief :
This is assessee’s appeal for the A.Y 2018-19 against the order of the CIT (A)-6, Hyderabad, dated 22.10.2019.

Citation :
ITA 1854/Hyd/2019

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