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2017 (6) TMI 1088 - HC - Income TaxMAT - Advance payment of Tax - Tax liability arising due to MAT provisions u/s 115JA - Levy of interest u/s 234B - Held that:- The issue under reference is concluded by the judgment of the Apex Court in the case "Joint Commissioner of Income Tax Vs. Rolta India Ltd [2011 (1) TMI 5 - SUPREME COURT OF INDIA] as held that Section 115JB is a self-contained code pertaining to MAT, which imposed liability for payment of advance tax on MAT companies and, therefore, where such companies defaulted in payment of advance tax in respect of tax payable under Section 115JB, it was liable to pay interest under Sections 234B and 234C of the Act. Interest under Sections 234B and 234C shall be payable on failure to pay advance tax in respect of tax payable under Section 115JA/115JB. For the aforestated reasons, Circular No. 13/2001 dated 9.11.2001 issued by CBDT has no application.
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