ITA No. 22/2003 10.12.2009: Present: Mrs. Vandana Kuthiala, Advocate for the appellant. Mr. R.P. Rastogi with Mr. Raman Sethi, Advocates for the respondent. This appeal was admitted on the following substantial questions of law: A) “Whether on the facts and in the circumstances of the case, the learned Tribunal misinterpreted and misconstrued the facts, on record and provisions of sections 234-B and 234-C of the I.T. Act? B) Whether the ld. ITAT erred in deleting the interest charged under these sections, since the same is mandatory?” The substantial questions of law raised in this appeal have already been answered by a Division Bench of this Court in Commissioner of Income Tax versus United Vanaspati Ltd. (2008) 218 CTR (H)) 524. We are bound by the judgment rendered by a Coordinate Bench. Accordingly, the appeal is allowed. The assessee is held liable to pay interest under sections 234-B and 234-C of the Income Tax Act. The substantial questions of law are answered in favour of the revenue and against the assessee. (R.B. Misra), Acting Chief Justice. (Rajiv Sharma), Judge. 10.12. 2009. *awasthi*