https://www.taxtmi.com/caselaws?id=212459 The HC dismissed the assessee's appeal and upheld the tax authorities' levy of interest for failure to pay advance tax. The court rejected the contention that interest under section 234B could be levied only in a "regular"/first-time assessment, and held that liability to pay advance tax arising under the MAT regime (section 115JB) or otherwise can attract interest under sections 234B/234C where advance tax is defaulted. The alternative legal arguments were rejected and the order charging interest was sustained. en-us Wed, 06 Jul 2011 00:00:00 +0530 Fri, 22 Aug 2025 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212459 The HC dismissed the assessee's appeal and upheld the tax authorities' levy of interest for failure to pay advance tax. The court rejected the contention that interest under section 234B could be levied only in a "regular"/first-time assessment, and held that liability to pay advance tax arising under the MAT regime (section 115JB) or otherwise can attract interest under sections 234B/234C where advance tax is defaulted. The alternative legal arguments were rejected and the order charging interest was sustained. Case-Laws Income Tax Wed, 06 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212459