In the result, the grounds of appeal raised by the assesse are allowed
Bench: Shri Pawan Singh & Dr. Arjun Lal Saini
282 ITR 24) on identical facts holding in favour of the assessee by inferring that functioning of sugar mill is different from milk cooperative. 9. Levy of interest u/s 234A, 234B, 234C & 234D of the Act is unjustified. 10. Initiation of penalty proceedings u/s 271(1)(c) of the Act is unjustified.” 2. Brief facts of the case are that