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2010 (6) TMI 85 - HC - Income TaxInterest on Additional Tax liability due to amendment – ITAT observed that additional tax liability due to the amendment cannot give rise to a levy of interest under Section 234-B of the Income Tax Act – Held that: - When the liability for payment of additional tax itself was created for the first time, based on the subsequent amendment, in the year 2005, with retrospective effect from 01.04.1998, it would be incongruent to expect the assessee to have satisfied the requirement of payment of advance tax as prescribed under Section 234 (B) of the Income Tax Act. – interest u/s 234B can not be imposed
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