https://www.taxtmi.com/caselaws?id=70668 The Tribunal upheld the Department's appeal, confirming that interest under sections 234B and 234C can be levied on income computed under section 115JA, aligning with various High Court decisions supporting the levy of interest on deemed income. The Tribunal emphasized that once income is computed under section 115JA, it is considered total income, subject to all provisions of the Income Tax Act, including sections 234B and 234C. The Tribunal's decision aligned with the prevailing legal interpretation and jurisdictional High Court judgments, allowing for the charging of interest on book profit deemed income. en-us Fri, 30 Dec 2005 00:00:00 +0530 Mon, 18 Apr 2011 14:14:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70668 The Tribunal upheld the Department's appeal, confirming that interest under sections 234B and 234C can be levied on income computed under section 115JA, aligning with various High Court decisions supporting the levy of interest on deemed income. The Tribunal emphasized that once income is computed under section 115JA, it is considered total income, subject to all provisions of the Income Tax Act, including sections 234B and 234C. The Tribunal's decision aligned with the prevailing legal interpretation and jurisdictional High Court judgments, allowing for the charging of interest on book profit deemed income. Case-Laws Income Tax Fri, 30 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70668