https://www.taxtmi.com/caselaws?id=238482 The High Court dismissed the Income Tax Appeal, relying on the judgment in Joint Commissioner of Income-tax vs. Rolta India Ltd, which favored the revenue. The primary issue involved the interpretation of interest under sections 234-B and 234-C of the Income Tax Act in the context of assessment under section 115 JB. The appellant's challenge to the imposition of interest was rejected. Additionally, the Court addressed the application of precedent, relevance of High Court decisions in conflicting scenarios, and the referral of matters to the President Tribunal for differing views, ultimately ruling against the appellant. en-us Mon, 21 Oct 2013 00:00:00 +0530 Wed, 23 Oct 2013 21:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238482 The High Court dismissed the Income Tax Appeal, relying on the judgment in Joint Commissioner of Income-tax vs. Rolta India Ltd, which favored the revenue. The primary issue involved the interpretation of interest under sections 234-B and 234-C of the Income Tax Act in the context of assessment under section 115 JB. The appellant's challenge to the imposition of interest was rejected. Additionally, the Court addressed the application of precedent, relevance of High Court decisions in conflicting scenarios, and the referral of matters to the President Tribunal for differing views, ultimately ruling against the appellant. Case-Laws Income Tax Mon, 21 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238482