Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2011 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (3) TMI 940 - HC - Income TaxAppeal to High Court - Whether interest is leviable under Sections 234B and 234C in case of an assessment of a Company, on the basis of book profits under Section 115JA, even when the entire exercise of computing income under section 115J is done at the end of the financial year, and the provisions of Sections 207 to 210 cannot be made applicable until and unless the accounts are audited and balance sheet prepared - Held that: the matter is covered against the assessee by judgment of the Supreme Court in Jt.C.I.T., Mumbai v. M/s Rolta India Ltd.[2011 -TMI - 201466 - SUPREME COURT OF INDIA] which has also been followed by this Court in [2009 -TMI - 32685 - PUNJAB AND HARYANA HIGH COURT] CIT Chg. V. Steel Strips] - The appeals are dismissed in favour of Revenue.
|