Interest Levy Under Sec 234B is Mandatory, But Imposition Requires Judicial Review and Legal Provision Reference.

Interest Levy Under Sec 234B is Mandatory, But Imposition Requires Judicial Review and Legal Provision Reference. https://www.taxtmi.com/highlights?id=3816 Levy of interest u/s 234B - The mandatory nature of charging of interest and the actual charging of interest by application of mind and the mention of the proviso of law under which such interest is charged are two different things. - HC en-us Tue, 22 May 2012 18:36:21 +0530 Tue, 22 May 2012 18:36:21 +0530 TaxTMI RSS Generator Interest Levy Under Sec 234B is Mandatory, But Imposition Requires Judicial Review and Legal Provision Reference. https://www.taxtmi.com/highlights?id=3816 Levy of interest u/s 234B - The mandatory nature of charging of interest and the actual charging of interest by application of mind and the mention of the proviso of law under which such interest is charged are two different things. - HC Highlights Income Tax Tue, 22 May 2012 18:36:21 +0530 https://www.taxtmi.com/highlights?id=3816