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2015 (3) TMI 274 - HC - Income TaxInterest under Section 234B - default in payment of advance tax when the income is computed under Section 115JA - Held that:- Section 115JB is a self-contained code and thus, all companies were liable for payment of advance tax under section 115JB and consequently the provisions of sections 234B and 234C imposing interest on default in payment of advance tax were also applicable. Tribunal was right in imposing interest under Section 234B of the Act for default in payment of advance tax as the issue raised in this appeal is no longer res integra in view of the decision of Joint Commissioner of Income Tax v. Rolta India Limited, (2011 (1) TMI 5 - SUPREME COURT OF INDIA), wherein an identical issue was answered against the assessee. - Decided in favour of revenue.
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