CIT(A) Cannot Dismiss Appeal Ex Parte Without Deciding Interest Dispute on Merits

Advertisement Diamond Piston and Rings Limited Vs ACIT (ITAT Delhi) The appeal before the Income Tax Appellate Tribunal (ITAT), Delhi, arose from the order of the Commissioner of Income-tax (Appeals) (NFAC) for Assessment Year 2012-13 concerning the levy of interest under Sections 234A and 234B of the Income-tax Act. The reassessment was completed under Sections 147 read with 143(3), accepting the income declared by the assessee in response to a notice under Section 148, while directing levy of interest under Sections 234A, 234B, 234C and 234D. The assessee challenged only the levy of inter...