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Income Tax Appellate Tribunal, DELHI ‘D’ BENCH,
Before: SHRI N.K. BILLAIYA, & SHRI SUDHANSHU SRIVASTAVA
PER N.K. BILLAIYA, ACCOUNTANT MEMBER,
This appeal by the assessee is preferred against the order of the ld.
CIT(A) – 43, New Delhi dated 29.02.2016 pertaining to Assessment Year 2006- 07.
The solitary grievance of the assessee is that the ld. CIT(A) erred in upholding the decision of the ADIT, Circle- 1(2), International Taxation for levying interest u/s 234A of the Income tax Act, 1961 [hereinafter referred to as 'The Act' for short].
We find that this Tribunal vide a consolidated order for 3.
Assessment Years 2002-03 to 2007-08 in to 2688/DEL/2015 has decided the appeals of the assessee. In our considered opinion charging of interest though mandatory, but consequential, we accordingly direct the Assessing Officer to charge interest as per provisions of law after considering the decision of the Tribunal [supra].
In the result, the appeal of the assessee in is allowed for statistical purposes.
The order is pronounced in the open court on 29.06.2021 in the presence of both the representatives.