Interest Under Section 234A Not Levyable After Full Tax Payment Before Filing

GVR Ashoka Chennai Corr Limited Vs ACIT (ITAT Chennai) No 234A interest once self-assessment tax is fully paid before March Chennai ITAT held that interest u/s 234A cannot be levied for March 2022 where the assessee had already discharged the entire self-assessment tax liability before the start of that month. The assessee paid full self-assessment tax of ₹2.47 crore on 26-02-2022 & filed the return on 09-03-2022 within the extended due date of 15-03-2022. The Tribunal reiterated that section 234A is compensatory & applies only when tax remains unpaid. Once the tax liability stood fu...