https://www.taxtmi.com/caselaws?id=77113 The High Court held that interest under sections 234B and 234C of the Income-tax Act can be charged based on the computation sheet forming part of the assessment order, even if not explicitly mentioned in the order itself. The Court emphasized the mandatory nature of interest and ruled in favor of the Revenue, setting aside the Tribunal's decision and upholding the interest levy indicated in the computation sheet. The judgment clarified the importance of the computation sheet in determining interest payable by the assessee and aligned with previous Supreme Court decisions on the issue. en-us Tue, 20 Oct 2009 00:00:00 +0530 Fri, 01 Feb 2013 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77113 The High Court held that interest under sections 234B and 234C of the Income-tax Act can be charged based on the computation sheet forming part of the assessment order, even if not explicitly mentioned in the order itself. The Court emphasized the mandatory nature of interest and ruled in favor of the Revenue, setting aside the Tribunal's decision and upholding the interest levy indicated in the computation sheet. The judgment clarified the importance of the computation sheet in determining interest payable by the assessee and aligned with previous Supreme Court decisions on the issue. Case-Laws Income Tax Tue, 20 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77113