आयकर अपील(cid:547)य अ(cid:876)धकरण,चÖडीगढ़ Ûयायपीठ, चÖडीगढ़ IN THE INCOME TAX APPELLATE TRIBUNAL DIVISION BENCH, ‘B’ CHANDIGARH BEFORE SHRI RAJPAL YADAV, VICE PRESIDENT AND SHRI KRINWANT SAHAY, ACCOUNTANT MEMBER आयकर अपील सं./ ITA No. 1236/CHD/2016 (cid:467)नधा(cid:91)रण वष(cid:91) / Assessment Year: 2007-08 Shri Paras and Shubham Chaudhary The ITO, LH of Shri Kanhaiya Lal, House No.99, Vs Ward No. 2, Sector 4, Panchkula. Panchkula.

èथायी लेखा सं./PAN NO: CAHPP6878A अपीलाथ(cid:568)/Appellant (cid:292)×यथ(cid:568)/Respondent Assessee by : Shri Rishab Gupta & Shri Mukesh Aggarwal,CAs Revenue by : Shri Vivek Vardhan, Addl. CIT Sr.DR Date of Hearing : 10.09.2025 Date of Pronouncement : 24.09.2025 PHYSICAL HEARING O R D E R PER RAJ PAL YADAV, VP The present appeal is directed at the instance of the assessee against the order of ld. Commissioner of Income Tax (Appeals) [in short ‘the CIT (A)’] dated 22.09.2016 passed for assessment year 2007-08.

2. The assessee has taken three grounds of appeal, out of which Ground No.2 and 3 are peripheral argument in support of the issue agitated under Ground No.1, hence, the solitary grievance of the assessee is whether interest amounting to Rs.1,64,03,9