Justification of Interest levied u/s 234.

Last updated: 10 July 2008

Court :

Brief :
Case Fact: Whether deletion of interest under section 234 is justified if there is no direction in the Assessment order to levy interest.

Citation :
Gold Tex Furnishing Industries Vs. C.I.T.

Decision: Held by the Hon'ble court that as per provisions of section 234A,234B &234C vis-à-vis section 156 of the Act there is no direction in the assessment order to levy interest thus there is no substantial question of law arose from the order of the tribunal of deleting interest.