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Section 54B2 Section 234A2

M/S SANJAY SHANKARRAO JADHAO,AMRAVATI vs. JIOINT C.I.T. AMRAVATI RANGE,, AMRAVATI

In the result, assessee’s appeal stands allowed

ITA 66/NAG/2017[2011-12]Status: DisposedITAT Nagpur23 Apr 2018AY 2011-12

Bench: Shri Shamim Yahya & Shri Ram Lal Negi

For Appellant: Shri K.P. DewaniFor Respondent: Shri Gitesh Kumar

Section 234ASection 54B

54B of I.T. Act 1961. 5. The assessee denies liability to pay interest under section 234A, 234B and 2340 of IT Act 1961. Without prejudice, levy of interest under section 234A, 234B and 234C of l.T Act 1961 is unjustified, unwarranted and excessive. 2. Apropos ground relating to disallowance of claim of ` 2,88,986 on plant and machinery