The assessee filed a return beyond the time stipulated in the notice issued by the AO. Even for the assessment year 2015-16, the return was filed belatedly pursuant to the notice issued under S. \u00a0153A\u00a0while no return of income was earlier filed by assessee for the assessment year 2015-16 under S. \u00a0139(1). The AO computed interest as provided under S. \u00a0234A\u00a0which was confirmed by the CIT(A) On appeal the Tribunal held that the provisions of S. \u00a0234A\u00a0and\u00a0234B\u00a0are consequential in nature and mandatory. Where the assessee had made disclosure only after detection in the search there was no voluntary disclosure and hence the assessee could not claim the benefit of waiver of interest under S. \u00a0234A,\u00a0234B\u00a0and\u00a0234C. The AO was \u00a0directed to look into the grievance of the assessee as to error in computation of interest under S. \u00a0234A\u00a0and\u00a0234B\u00a0and pass orders in accordance with law. (AYs. 2009-10 to 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 234A : Interest-Default in furnishing return of income-Search and Seizure-Levy of interest mandatory-No waiver of interest. [S. 153A, 234B, 234C] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11028","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2RS","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=11028"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11028\/revisions"}],"predecessor-version":[{"id":11029,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11028\/revisions\/11029"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=11028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=11028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=11028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}