HARYANA URBAN DEVELOPMENT AUTHORITY,PANCHKULA, HARYANA vs. PRINCIPAL COMMISSIONER OF INCOME TAX, PANCHKULA , HARYANA
In the result, the appeal filed by the assessee is dismissed
ITA 668/CHANDI/2025[2021-22]Status: DisposedITAT Chandigarh29 Dec 2025AY 2021-22
For Respondent: \nMs. Rattan Kaur & Shri A.K. Jindal, C.A's
Section 263Section 37Section 37(1)Section 43B
character of the penalty and cannot be said to be simple interest. In view of the above, the higher rate of interest under section 14(6) would be penal in nature and will not be considered as tax within the meaning of law.\n12. We find substantial force
