Provisions of International Taxation for levying interest u/s 234A of the Income tax Act, 1961

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Last updated: 13 July 2021
Quick Summary
This judgement concerns Hitachi High Technologies Singapore Pte Ltd's appeal against the levying of interest under Section 234A of the Income Tax Act, 1961. The Income Tax Appellate Tribunal noted that similar appeals for previous assessment years had been decided. While acknowledging that charging interest is mandatory, the Tribunal directed the Assessing Officer to calculate the interest in accordance with the law, considering the Tribunal's previous decisions. Consequently, the appeal was allowed for statistical purposes.

Court :
ITAT Delhi

Brief :
This appeal by the assessee is preferred against the order of the ld. CIT(A) – 43, New Delhi dated 29.02.2016 pertaining to Assessment Year 2006-07. 

Citation :
ITA No. 2742/DEL/2016

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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