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Income Tax Appellate Tribunal, DELHI “SMC” BENCH: NEW DELHI
Before: SHRI KUL BHARAT
ORDER PER KUL BHARAT, JM : This appeal filed by the assessee for the assessment year 2010-11 is directed against the order of Ld. CIT(A)-1, Gurgaon dated 11.06.2018. The assessee has raised following grounds of appeal:-
“Whether the Ld.AO is justified in levying interest u/s 234B of the Income Tax Act, 1961? 2. That the appellant reserves the right to amend, delete, add, substitute, modify or alter any one or more of the grounds of appeal at the time of hearing.”
No one appeared on behalf of the assessee despite various opportunities.
Therefore, the appeal was taken up for hearing in the absence of the assessee and is being disposed off on the basis of material available on record.
The only effective ground in this appeal is levy of interest u/s 234B of the Income Tax Act, 1961 (“the Act”).
Ld.Sr.DR submitted that levy of penalty u/s 234B of the Act is consequential in nature. Therefore, the Assessing Officer has rightly levied the interest u/s 234B of the Act.
I have heard Ld. Sr. DR and perused the material available on records.
The assessee has not given any reason as to why the interest u/s 234B of the Act is not leviable under the facts and circumstances of the present case.
Therefore, I do not see any reason to interfere in the order of authorities below, the same is hereby affirmed. Thus, ground raised by the assessee is dismissed.