https://www.taxtmi.com/caselaws?id=209582 The High Court held that charging interest under sections 234B and 234C of the Income-tax Act before allowing credit for minimum alternate tax under section 154 was impermissible. The Court emphasized that section 154 is meant for rectifying apparent mistakes, not resolving debatable issues. The Tribunal's order was quashed, and the case was remanded for further consideration, stressing the need to address interpretational issues before proceeding with financial assessments. The judgment highlighted the importance of thorough deliberation on legal matters to ensure fair application of tax laws. en-us Tue, 30 Mar 2010 00:00:00 +0530 Mon, 15 Jul 2013 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209582 The High Court held that charging interest under sections 234B and 234C of the Income-tax Act before allowing credit for minimum alternate tax under section 154 was impermissible. The Court emphasized that section 154 is meant for rectifying apparent mistakes, not resolving debatable issues. The Tribunal's order was quashed, and the case was remanded for further consideration, stressing the need to address interpretational issues before proceeding with financial assessments. The judgment highlighted the importance of thorough deliberation on legal matters to ensure fair application of tax laws. Case-Laws Income Tax Tue, 30 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209582