Liability to pay interest u/s 234A, 234B and 234C - the interest ...

High Court Rules: Taxpayers Must Pay Interest u/ss 234A, 234B, 234C Despite Asset Attachments.

April 29, 2014

Case Laws Income Tax HC

Liability to pay interest u/s 234A, 234B and 234C - the interest is chargeable and merely because the assets and properties are attached, does not mean that the liability to pay interest will not arise - HC

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Liability to pay interest u/s 234A, 234B and 234C - the interest ...

High Court Rules: Taxpayers Must Pay Interest u/ss 234A, 234B, 234C Despite Asset Attachments.

April 29, 2014

Case Laws Income Tax HC

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Reduction or waiver of interest charged under section 234A/234B/234C - Scope and Power

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Interest u/s 234A and 234B - monies lying in post office deposits which were the subject matter of attachment u/s 281B of the Act should be construed as taxes paid by...

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Refusal to waive interest u/s 234A, 234B and 234C - disallowance for want of deduction of tax at source u/s 40(a)(ia) - interest cannot be waived - HC

Interest u/s 234A, 234B and 234C - non maintenance of proper books of accounts - rejection of claim for waiver of interest cannot be said to be illegal - HC

The Income Tax Appellate Tribunal (ITAT) ruled that when an assessee promptly computed and paid advance tax u/ss 234A, 234B, and 234C of the Income Tax Act, and an...

The ITAT held that where the assessee entered into a unilateral Advance Pricing Agreement (APA) with the Central Board of Direct Taxes (CBDT) and complied with its...

The case pertains to the levy of interest u/s 234C for failure on the part of the payer to deduct tax deducted at source (TDS) u/ss 196D and 194LD. The key points are:...

Income Tax Settlement Commission order - Waiver of interest - the Settlement Commission cannot re-open its concluded proceedings by invoking Section 154 of the Act so as...

Interest u/s 234B and 234C charged for default in payment of advance tax - assessee has submitted certificate from the Punjab National Bank that the cheques issued by...

The appeal was made regarding the incorrect charge of interest u/s 234B of the Act in an order passed u/ss 254, 143(3), and 153A. The issue was whether the assessee...

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