https://www.taxtmi.com/caselaws?id=71704 The Tribunal allowed the appeal, overturning the levy of interest under sections 234B and 234C of the Income Tax Act. It held that the interest charges were a result of a retrospective amendment that was unforeseeable at the time of advance tax payment. The Tribunal emphasized that an appeal does lie against such interest charges as part of the assessment process, contrary to the lower authorities' decisions. Therefore, the interest charges imposed on the appellant for the relevant assessment year were deleted, ruling in favor of the appellant. en-us Tue, 20 Feb 2001 00:00:00 +0530 Tue, 26 Apr 2011 16:55:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71704 The Tribunal allowed the appeal, overturning the levy of interest under sections 234B and 234C of the Income Tax Act. It held that the interest charges were a result of a retrospective amendment that was unforeseeable at the time of advance tax payment. The Tribunal emphasized that an appeal does lie against such interest charges as part of the assessment process, contrary to the lower authorities' decisions. Therefore, the interest charges imposed on the appellant for the relevant assessment year were deleted, ruling in favor of the appellant. Case-Laws Income Tax Tue, 20 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71704