Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2017 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (12) TMI 664 - AT - Income TaxInterest u/s 234B for not paying the alternative minimum tax as per scheme of advance tax u/s 208 - assessee made payment of alternative minimum tax under the provisions of section 115JC - Held that:- Hon’ble Supreme Court in case of JCIT vs. Rolta India Ltd. (2011 (1) TMI 5 - SUPREME COURT OF INDIA) has decided this issue on merit after considering the decision of Hon’ble Karnataka High Court in case of Kwality Biscuits Ltd. vs. CIT [1999 (11) TMI 48 - KARNATAKA High Court] and held that the interest u/s 234B and 234C shall be payable on failure to pay advance tax in respect of the tax payable u/s 115JA and 115JB. Following the decisions of above we do not find any error or illegality in the impugned orders of the ld. CIT(A). - Decided against assessee.
|