Clarifying Interest Liability u/s 234C: No Interest on Returned Income if Assessed Income is Lower Due to Error.

Interest u/s 234C - Advance Tax - The law is not at all clear - merely because the assessee has declared higher income due to some error or mistake, the assessee shall not be liable to pay interest u/s 234C of the I.T. Act on the returned income when the assessed income falls below the returned income - AT .....

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