2011 (6) TMI 941 - HC - Income Tax

Levy of interest under section 234B - HELD THAT - As the questions raised in this case in NGC network LLC 2009 (1) TMI 174 - BOMBAY HIGH COURT has held that interest under section 234B of the Act cannot be charged as the assessee is not liable to pay advance tax and the liability is on the payer to deduct tax at source. We allow the ground raised by the assessee.

Summary

The Bombay High Court dismissed the appeal, stating that the questions raised were covered against the Tribunal by a previous court decision in the case of DIT (International Taxation) V/s. NGC Network Asia LLC. (Citation: 2011 (6) TMI 941 - BOMBAY HIGH COURT)