Interest for Late Original Return Valid Despite Timely Search Filing: ITAT Ahmedabad

Hasmukhbhai Mohanlal Shah Vs DCIT (ITAT Ahmedabad) Interest u/s 234A Valid on Delay in Original Return Despite Timely 153C Filing – ITAT Ahmedabad Upholds Rectification Levy of ₹92,153 The Ahmedabad Bench of the ITAT dismissed the assessee’s appeal for AY 2017-18 and upheld levy of interest of ₹92,153 u/s 234A, holding that interest is chargeable for delay in filing the original return u/s 139(1), even when the return in response to notice u/s 153C was filed within the prescribed time. The assessee had filed the original return on 29.11.2017 against the due date of 05.08.2017, resultin...