Section 234C interest deemed illogical for deferred tax payments when advance tax and section 234B interest are refunded.

Section 234C interest deemed illogical for deferred tax payments when advance tax and section 234B interest are refunded. https://www.taxtmi.com/highlights?id=4591 Levy of interest u/s 234C - When advance tax paid is refunded and also interest paid under section 234B, there is no logic in making the assessee liable for interest under section 234C for deferment of payment of advance tax - AT en-us Sat, 28 Jul 2012 09:16:10 +0530 Sat, 28 Jul 2012 09:16:10 +0530 TaxTMI RSS Generator Section 234C interest deemed illogical for deferred tax payments when advance tax and section 234B interest are refunded. https://www.taxtmi.com/highlights?id=4591 Levy of interest u/s 234C - When advance tax paid is refunded and also interest paid under section 234B, there is no logic in making the assessee liable for interest under section 234C for deferment of payment of advance tax - AT Highlights Income Tax Sat, 28 Jul 2012 09:16:10 +0530 https://www.taxtmi.com/highlights?id=4591