https://www.taxtmi.com/caselaws?id=205058 The High Court of Calcutta upheld the Tribunal's order, ruling against the assessee in a case concerning the liability to pay interest under Sections 234B and 234C on tax payable on book profit computed under Section 115J of the Income-tax Act, 1961. The court emphasized the binding nature of Supreme Court decisions on all courts in India, dismissing the appeal and highlighting the duty to follow such decisions. The appellant's argument was found to lack merit, and the appeal was dismissed without costs. en-us Fri, 12 Aug 2011 00:00:00 +0530 Wed, 17 Aug 2011 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205058 The High Court of Calcutta upheld the Tribunal's order, ruling against the assessee in a case concerning the liability to pay interest under Sections 234B and 234C on tax payable on book profit computed under Section 115J of the Income-tax Act, 1961. The court emphasized the binding nature of Supreme Court decisions on all courts in India, dismissing the appeal and highlighting the duty to follow such decisions. The appellant's argument was found to lack merit, and the appeal was dismissed without costs. Case-Laws Income Tax Fri, 12 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205058