{"id":37492,"date":"2023-09-07T15:45:55","date_gmt":"2023-09-07T10:15:55","guid":{"rendered":"https:\/\/itatonline.org\/digest\/mansarovar-commercial-pvt-ltd-v-cit-2023453-itr-661-293-taxman-312-332-ctr-137-224-dtr-305-sc-editorial-decision-of-delhi-high-court-affirmed-cit-v-mansarovar-commercial-pvt-ltd-delhi-2\/"},"modified":"2024-01-27T15:00:35","modified_gmt":"2024-01-27T09:30:35","slug":"mansarovar-commercial-pvt-ltd-v-cit-2023453-itr-661-293-taxman-312-332-ctr-137-224-dtr-305-sc-editorial-decision-of-delhi-high-court-affirmed-cit-v-mansarovar-commercial-pvt-ltd-delhi-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/mansarovar-commercial-pvt-ltd-v-cit-2023453-itr-661-293-taxman-312-332-ctr-137-224-dtr-305-sc-editorial-decision-of-delhi-high-court-affirmed-cit-v-mansarovar-commercial-pvt-ltd-delhi-2\/","title":{"rendered":"Mansarovar Commercial Pvt. Ltd. v. CIT (2023)453 ITR 661\/ 293 Taxman 312 \/ 332 CTR 137\/ 224 DTR 305 (SC) Editorial: Decision of Delhi High Court, affirmed, CIT v. Mansarovar Commercial Pvt. Ltd (Delhi)(HC) (2016) 134 DTR 105 \/ 287 CTR 28 (Delhi)(HC).Editorial , Review petition is dismissed ,Mansarovar Commercial Pvt. Ltd. v. CIT  (2023)453 ITR 661\/ 293 Taxman 312 \/ 332 CTR 137\/ 224 DTR 305  (SC)"},"content":{"rendered":"<p>Affirming the order of High Court the Court held that the assessees\u2019 contention against levy of interest in the absence of any specific order passed in the assessment order to levy interest, was not tenable. When the interest was levied in accordance with the working mentioned in ITNS 150 which formed part of the assessment order, it was sufficient to charge interest. Applied. CIT v. Bhagat Construction Co. Pvt. L td (2016) 383 ITR 9 (SC). Court also held that \u00a0levy of interest under section\u00a0234A\u00a0was mandatory and automatic.\u00a0 (AY. 1987-88 to 1989-90) AY. 1987-88 to 1989-90)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 234A : Interest &#8211; Default in furnishing return of income &#8211;  Levy of interest is mandatory.  [S. 2(35), 5, 6(3)(ii),  131,  142(1), 143(2), 148, 282]<\/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":[21],"tags":[],"class_list":["post-37492","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9KI","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/37492","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=37492"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/37492\/revisions"}],"predecessor-version":[{"id":38440,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/37492\/revisions\/38440"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=37492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=37492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=37492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}