https://www.taxtmi.com/caselaws?id=62310 The Tribunal held that non-resident shipping companies assessed under Section 172 are not liable for interest under Sections 234B and 234C, as Section 172 provides a special mechanism overriding other provisions. The rectification under Section 154 to levy interest was deemed invalid for debatable issues. The Tribunal emphasized the correct interpretation of relevant provisions and dismissed the Revenue's appeal, upholding the deletion of interest charges. en-us Mon, 05 Mar 2007 00:00:00 +0530 Wed, 19 Jan 2011 12:21:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62310 The Tribunal held that non-resident shipping companies assessed under Section 172 are not liable for interest under Sections 234B and 234C, as Section 172 provides a special mechanism overriding other provisions. The rectification under Section 154 to levy interest was deemed invalid for debatable issues. The Tribunal emphasized the correct interpretation of relevant provisions and dismissed the Revenue's appeal, upholding the deletion of interest charges. Case-Laws Income Tax Mon, 05 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62310