Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2011 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (11) TMI 178 - HC - Income TaxDeferment of payment of advance tax – whether change in estimates could be matter of deliberation and debate – Held that:- Interest under Section 234C is mandatory and automatic, thereby the reason, cause for the delay and justification for deferment of advance tax, loses significance and importance except on account of capital gains or income by way of winnings from lottery, cross word, puzzles etc. While upholding constitutional validity of the said sections, the High Courts had referred to Section 119(2)(a) of the Act and the power of the Central Board of Direct Taxes to relax provisions of Section 234A, 234B and 234C in whole or in part. In the present case, if deemed appropriate, the appellant can make an application. The substantive question of law is answered against the assessee.
|