https://www.taxtmi.com/caselaws?id=211491 The High Court upheld the imposition of interest under Sections 234B and 234C of the Income Tax Act for the assessment year 1999-2000. The appellant's appeal against the ITAT order dismissing the revenue's appeal was dismissed, with the court justifying the imposition based on Section 115JA(4) and previous decisions, including the Supreme Court's ruling in Rolta India Ltd. case. The court also ruled that the decision in Kwality Biscuits Ltd. case was not applicable to assessments under Section 115JA, leading to the dismissal of the appeal challenging the interest imposition. en-us Mon, 12 Dec 2011 00:00:00 +0530 Mon, 27 Feb 2012 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211491 The High Court upheld the imposition of interest under Sections 234B and 234C of the Income Tax Act for the assessment year 1999-2000. The appellant's appeal against the ITAT order dismissing the revenue's appeal was dismissed, with the court justifying the imposition based on Section 115JA(4) and previous decisions, including the Supreme Court's ruling in Rolta India Ltd. case. The court also ruled that the decision in Kwality Biscuits Ltd. case was not applicable to assessments under Section 115JA, leading to the dismissal of the appeal challenging the interest imposition. Case-Laws Income Tax Mon, 12 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211491