Interest couldn't be levied under Secs 234A/234B/23 if

Interest couldn't be levied under Secs 234A/234B/234C if AO didn’t mention relevant provision in assessment order

[2015] 57 taxmann.com 259 (Allahabad)

HIGH COURT OF ALLAHABAD

Commissioner of Income-tax

v.

Oswal Exports

Section 234A, read with sections 234B and 234C, of the Income-tax Act, 1961 - Interest, chargeable as (Conditions precedent) - Assessment year 1990-91 - In assessment order, Assessing Officer had merely directed that "interest would be charged as per rules" - Whether in order to levy interest under sections 234A, section 234B or section 234C, Assessing Officer is required to mention specific section of charging interest failing which, no interest could be levied - Held, yes [Para 14] [In favour of assessee]