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2009 (2) TMI 30 - DELHI HIGH COURT
Levy of interest u/s 234B - Revenue’s submission that levy u/s 234B is compensatory and not penal in nature, is acceptable – although, no money belonging to the Government was withheld by the assessee in the years in question - interest payable on account of enhanced compensation was not even known to the assessee till much latter - assessee can’t be expected to have paid advance tax on something which had not been received - Revenue has not suffered any loss, so interest u/s 234B not leviable