{"id":38728,"date":"2024-02-01T14:10:05","date_gmt":"2024-02-01T08:40:05","guid":{"rendered":"https:\/\/itatonline.org\/digest\/mansarovar-commercial-p-ltd-v-cit-2023-294-taxman-513-sc-editorial-mansarovar-commercial-p-ltd-v-cit-2023-453-itr-661-293-taxman-312-sc-3\/"},"modified":"2024-05-26T07:33:57","modified_gmt":"2024-05-26T02:03:57","slug":"mansarovar-commercial-p-ltd-v-cit-2023-294-taxman-513-sc-editorial-mansarovar-commercial-p-ltd-v-cit-2023-453-itr-661-293-taxman-312-sc-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/mansarovar-commercial-p-ltd-v-cit-2023-294-taxman-513-sc-editorial-mansarovar-commercial-p-ltd-v-cit-2023-453-itr-661-293-taxman-312-sc-3\/","title":{"rendered":"Mansarovar Commercial (P.) Ltd. v. CIT (2023) 294 Taxman 513 \/ 335 CTR 744 (SC) Editorial : Mansarovar Commercial (P.) 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 Review petition is dismissed.\u00a0 (AY. 1987-88 to 1989-90) AY. 1987-88 to 1989-90)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 234A : Interest-Default in furnishing return of income-Levy of interest is mandatory-Review petition is dismissed.  [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-38728","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-a4E","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38728","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=38728"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38728\/revisions"}],"predecessor-version":[{"id":43103,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38728\/revisions\/43103"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}