https://www.taxtmi.com/caselaws?id=119488 The Appellate Tribunal addressed the disposal of grounds by the CIT(A) and the charging of interest under section 234C comprehensively. The Tribunal upheld the CIT(A)'s decision to charge interest under section 234C for tax liability attributed to 'Book Profit' under section 115JA, rejecting the appellant's argument based on a Supreme Court ruling related to a different section. The judgment emphasized the mandatory nature of interest payment for non-compliance with advance tax requirements and highlighted the significance of statutory provisions and legal precedents in interpreting tax laws. The matter was restored for further consideration regarding the disposal of grounds by the CIT(A. en-us Fri, 27 Apr 2007 00:00:00 +0530 Wed, 11 Jul 2012 13:20:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119488 The Appellate Tribunal addressed the disposal of grounds by the CIT(A) and the charging of interest under section 234C comprehensively. The Tribunal upheld the CIT(A)'s decision to charge interest under section 234C for tax liability attributed to 'Book Profit' under section 115JA, rejecting the appellant's argument based on a Supreme Court ruling related to a different section. The judgment emphasized the mandatory nature of interest payment for non-compliance with advance tax requirements and highlighted the significance of statutory provisions and legal precedents in interpreting tax laws. The matter was restored for further consideration regarding the disposal of grounds by the CIT(A. Case-Laws Income Tax Fri, 27 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119488