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Income Tax Appellate Tribunal, DELHI “SMC” BENCH: NEW DELHI
Before: SHRI KUL BHARAT
per explanation 2 of section 115JB of the Act. Thus, Ground of appeal No.2 raised by the assessee is allowed.
16. Ground No.3 raised by the assessee is against the charging of interest u/s 234B of the Act. No submission as made on behalf of the assessee as to how the charging of interest is incorrect. This being consequential in nature. I hold accordingly. Thus, Ground No.3 raised by the assessee is allowed.
Ground of appeal No.4 raised by the assessee is general in nature, needs no adjudication.
In the result, the appeal of the assessee is partly allowed.
Above decision was pronounced on conclusion of Virtual Hearing in the presence of both the parties on 11th August, 2021.