Excess interest charged due to wrong due date deleted: ITAT Delhi

Abha Bansal Vs ACIT (ITAT Delhi) ITAT Delhi held that CPC wrongly processed return by considering due date as 5th August instead of 31st October. Accordingly, interest charged under section 234A of the Income Tax Act deleted and interest charged under section 234B altered. Facts- Assessee filed rectification application u/s. 154 of the Income Tax Act. Assessee stated that it is a partner in firm which is liable to tax audit u/s. 44AB. Accordingly, assessee is required to file return on or before 31.12.2013. However, the return processed by CPC u/s 143 (1) dated 28.04.2014 holding that the due ...