https://www.taxtmi.com/caselaws?id=220348 The Tribunal dismissed the Revenue's appeals, upholding the first appellate authority's deletion of interest under section 234B of the Act. It clarified the prospective nature of the relevant proviso inserted by the Finance Act, 2012, emphasizing judicial decisions on interest levy based on liability for advance tax. The judgment provides a detailed analysis of legal provisions and precedents guiding tax law interpretation and application regarding advance tax computation and interest levies. en-us Fri, 16 Nov 2012 00:00:00 +0530 Mon, 14 Dec 2015 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220348 The Tribunal dismissed the Revenue's appeals, upholding the first appellate authority's deletion of interest under section 234B of the Act. It clarified the prospective nature of the relevant proviso inserted by the Finance Act, 2012, emphasizing judicial decisions on interest levy based on liability for advance tax. The judgment provides a detailed analysis of legal provisions and precedents guiding tax law interpretation and application regarding advance tax computation and interest levies. Case-Laws Income Tax Fri, 16 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220348