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2010 (11) TMI 191 - AT - Income TaxInterest - whether taxes paid before due date of filing of return should be treated as advance tax even though paid after close of financial year - AO charged interest u/ss 234A, 234B & 234C – Supreme Court in the case of in Dr. Pronnoy Roy’s case (2001 -TMI - 13018 - DELHI High Court) held that interest is not leviable under section 234A as long as tax was made good by payment within the time allowable for filing of return – Accordingly it was held that the assessee is not liable for interest u/s 234A As per section 211 advance tax has to be paid on or before 15th September, or on or before 15 December and on or before 15 March at the ratio of 30%, 60% and 100% respectively - assessee is liable to pay interest under section 234B as well as under section 234C in respect of the taxes paid after the end of FY as they are not treated as advance tax - In the result, the appeal of the assessee is partly allowed
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