Where the returned income was accepted without any addition, but the computation sheet showing the levy of interest was not available on record, the Tribunal restored the matter to the Assessing Officer for verification of the interest charged under section 234C and recomputation in accordance with law. (AY. 2021-22, 2022-23)
BNY Mellon International Operations (India) (P.) Ltd. v. ITO (2025) 238 TTJ 819 / 181 taxmann.com 222 (Pune)(Trib.)
S. 234C: Interest-Deferment of advance tax-Levy of interest was not available on record; matter remanded to the Assessing Officer. [S.143(3)]
Leave a Reply