ITAT Hyderabad Ruling on Due Date Extension & Interest under Section 234A

Tata Rao Gali Vs ITO (INT. Taxn) (ITAT Hyderabad) Introduction: The Income Tax Appellate Tribunal (ITAT) Hyderabad’s ruling in the case of Tata Rao Gali vs. ITO (International Taxation)-1 has set a precedent regarding the extension of the due date for income tax return filing under CBDT circulars and its consequent effect on the quantification of interest under Section 234A of the Income Tax Act, 1961. This ruling sheds light on the intricate relationship between administrative circulars issued by the Central Board of Direct Taxes (CBDT) and statutory provisions concerning interest levi...