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2015 (1) TMI 1068 - ANDHRA PRADESH HIGH COURTLevy of interest U/s. 234B and 234C - assessee did not have any taxable income under regular provisions of the I.T.Act and tax was levied only upon invoking deemed income created by the legal fiction as per provisions of Sec.115 JB of I.T. Act - Held that:- Supreme Court in Joint Commissioner of Income Tax v. Rolta India Ltd. [2011 (1) TMI 5 - SUPREME COURT OF INDIA], took the view that even an assessee covered by the provisions of Sections 115JA and 115 JB of the Act is under obligation to pay advance tax and delay or failure to pay that, would entail in levy of interest. The view taken by the Tribunal totally accords with this. - Decided against assessee.
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