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2012 (9) TMI 512 - AT - Income TaxWhether interest u/s 234B is chargeable in the case on the revised computation of income at a higher figure made consequent to withdrawal of claim for exemption u/s 80IB(9) in the light of retrospective amendment to section 80IB by Finance Act(2) of 2009 - Held that:- Assessee is not liable for interest u/s 234B on ground that assessee had not withheld any money belonging to the Government and the interest payable on account of enhanced compensation was unknown to the assessee on the date of completion of assessment. Therefore, the assessee could not have included the interest received on enhanced compensation in the assessment year while estimating his income for the purposes of calculation of advance tax for the relevant years. Therefore, there was no question of levying interest u/s 234B. See CIT vs. Anand Prakash (2009 (2) TMI 30 - DELHI HIGH COURT) - Decided in favor of assessee
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