https://www.taxtmi.com/caselaws?id=211755 The High Court allowed the revenue's appeal, overturning the Tribunal's decision on income computation under Section 115JA. The Court held that interest under Sections 234B and 234C is chargeable even when income is computed under Section 115JA. Emphasizing the mandatory nature of paying advance tax under Sections 115J and 115JA, the Court ruled in favor of the revenue, stating that interest under Section 234B applies to all companies, including those falling under these special provisions. en-us Wed, 22 Feb 2012 00:00:00 +0530 Wed, 16 May 2012 19:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211755 The High Court allowed the revenue's appeal, overturning the Tribunal's decision on income computation under Section 115JA. The Court held that interest under Sections 234B and 234C is chargeable even when income is computed under Section 115JA. Emphasizing the mandatory nature of paying advance tax under Sections 115J and 115JA, the Court ruled in favor of the revenue, stating that interest under Section 234B applies to all companies, including those falling under these special provisions. Case-Laws Income Tax Wed, 22 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211755