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2010 (10) TMI 853 - HC - Income TaxLevy of interest u/s 234B and 234C - Whether in the absence of any direction in the assessment order for levy of interest AO could charge such interest while computing the tax liability? - Held that:- It has been held in Anjum Ghaswala and others [2001 (10) TMI 4 - SUPREME Court] that levy of interest u/s 234B and 234C is mandatory.Mere non-mention of levy of interest in the order of assessment cannot render the said statutory provision nugatory. The interest being mandatory and not discretionary, the recovery thereof does not depend on the language of the assessment order - in favour of the revenue.
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