If assessee not liable to pay advance tax, interest u/s. 234B cannot be charged

IN THE ITAT DELHI BENCH ‘E’ Deputy Director of Income-tax versus MGB Metro Group Buying HK Ltd. IT Appeal Nos. 4833 & 4834 (Delhi) of 2012 [Assessment Years 2005-06 & 2006-07] November 16, 2012 ORDER Joginder Singh, Judicial Member The Revenue is aggrieved by the impugned order dated 22.06.2012, passed by the learned first appellate authority, wherein the interest levied under section 234B of the Act was deleted. 2. During hearing of this appeal, we have heard Shri Jasdeep Singh, ld. Senior DR whereas nobody is present for the assessee. Ld. Senior DR defend...