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2008 (2) TMI 396 - HC - Income TaxRevenue challenging the order of the Tribunal cancelling the interest levied u/s 234B and 234C, for non-payment/short payment of advance tax on 30 per cent. of the book profit as deemed income assessed u/s 115J – there is no provision either under Chapter XVII or Chapter XII-B requiring the assessee to estimate book profit and to remit advance tax thereon - the provision for advance tax under Chapter XVII do not have any application for the tax payable u/s 115J - Revenue appeal dismissed –tribunal’s order is upheld
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