Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2005 (12) TMI 259 - ITAT MADRAS-D
Extract:
.......a High Court judgment in the case of CIT vs. Upper India Steel Mfg. and Engg. Co. Ltd., we are of the view that levy of interest under ss. 234B and 234C where the tax is chargeable under deemed income under s. 115JA is within the provisions of the Act. Accordingly we uphold the levy of interest. 7. In the result, the Departmental appeal is allowed.