Sections 234A to 234D interest is Consequential & Mandatory: ITAT Chennai

Iljin Automotive Pvt Ltd Vs DCIT (ITAT Chennai)

The case of Iljin Automotive Pvt Ltd vs Deputy Commissioner of Income Tax (DCIT) offers a close look at the consequential and mandatory nature of interest charged under sections 234A to 234D. ITAT Chennai presided over this case, providing a key interpretation of these tax provisions.

The issue at hand involved the charging of interest under sections 234A to 234D, which the assessee contested. Despite the return of income being accepted under section 143(3) read with sec

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