Tribunal held that the AO while computing Income Tax liability for the subject assessment year levied interest u/s 234C amounting to Rs.32,26,844/- on the assessed income, whereas as per S. 234C the interest is to be charged on the returned income. Tribunal held that from the facts of the case that there is no tax due on the returned income and hence, no interest can be levied u/s. 234C of the Act. (AY. 2009-10)