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This is only a renumbering — Section 234A of ITA 1961 is now Section 423 of ITA 2025. The legal position is unchanged. Existing judicial precedents continue to apply. No action required beyond updating section references in filings from AY 2026-27 onwards.
Section 234A: Interest at 1% per month (or part) for delay in furnishing return of income beyond due date.
Section 423: Interest for defaults in furnishing return of income. Same rate and computation.
Renumbered from 234A to 423. No change.
Only renumbering; substantive law unchanged. Existing judicial precedents continue to apply.