Exemption from section 234C for surcharge driven shortfalls if the surcharge shortfall is paid within the prescribed deadline. The amendment adds a proviso to sub section (1) of section 234C excluding from that sub section any shortfall in payment of tax on returned income that is attributable to an increase in the rate of surcharge, provided the assessee pays the amount of the shortfall by the prescribed cut off date in respect of the relevant advance tax instalments.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption from section 234C for surcharge driven shortfalls if the surcharge shortfall is paid within the prescribed deadline.
The amendment adds a proviso to sub section (1) of section 234C excluding from that sub section any shortfall in payment of tax on returned income that is attributable to an increase in the rate of surcharge, provided the assessee pays the amount of the shortfall by the prescribed cut off date in respect of the relevant advance tax instalments.
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