https://www.taxtmi.com/caselaws?id=209377 The court upheld the mandatory nature of interest levy under Sections 234B and 234C of the Income Tax Act, 1961, even in the absence of a specific direction in the assessment order. The appeals filed by the assessee challenging the levy of interest were dismissed, favoring the revenue authorities. The court emphasized that interest recovery was not contingent on the language of the assessment order but was a statutory provision, citing the Supreme Court's ruling in Anjum Ghaswala and others. Previous judgments cited by the assessee were deemed irrelevant as they did not consider the Supreme Court's decision. en-us Wed, 13 Oct 2010 00:00:00 +0530 Sat, 20 Jul 2013 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209377 The court upheld the mandatory nature of interest levy under Sections 234B and 234C of the Income Tax Act, 1961, even in the absence of a specific direction in the assessment order. The appeals filed by the assessee challenging the levy of interest were dismissed, favoring the revenue authorities. The court emphasized that interest recovery was not contingent on the language of the assessment order but was a statutory provision, citing the Supreme Court's ruling in Anjum Ghaswala and others. Previous judgments cited by the assessee were deemed irrelevant as they did not consider the Supreme Court's decision. Case-Laws Income Tax Wed, 13 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209377