https://www.taxtmi.com/caselaws?id=202324 The court upheld the Income-tax Appellate Tribunal's decision regarding the charging of interest under section 234B of the Income-tax Act, 1961, emphasizing that interest is payable based on the income assessed, not the income declared in the return. The court also affirmed that interest under section 234B is chargeable on the income as determined by the assessing authority. Additionally, the court dismissed the appeal concerning the eligibility for claiming deduction under section 80-IB of the Income-tax Act, 1961, as no substantial question of law arose from the impugned order. en-us Tue, 20 Jul 2010 00:00:00 +0530 Mon, 24 Dec 2012 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202324 The court upheld the Income-tax Appellate Tribunal's decision regarding the charging of interest under section 234B of the Income-tax Act, 1961, emphasizing that interest is payable based on the income assessed, not the income declared in the return. The court also affirmed that interest under section 234B is chargeable on the income as determined by the assessing authority. Additionally, the court dismissed the appeal concerning the eligibility for claiming deduction under section 80-IB of the Income-tax Act, 1961, as no substantial question of law arose from the impugned order. Case-Laws Income Tax Tue, 20 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202324