https://www.taxtmi.com/caselaws?id=254294 The High Court upheld the Tribunal's decision, confirming the Assessing Officer's authority to adjust interest under Section 234B(4) of the Income-tax Act, 1961 based on subsequent orders. The Court emphasized the mandatory nature of interest levy and supported the Assessing Officer's actions in charging interest despite no initial levy under Section 234B(1) at the time of original assessment. The judgment underscored the correctness of the impugned order and dismissed the appeal, affirming the application and interpretation of Section 234B(4) in the given circumstances. en-us Mon, 01 Dec 2014 00:00:00 +0530 Thu, 18 Dec 2014 06:10:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254294 The High Court upheld the Tribunal's decision, confirming the Assessing Officer's authority to adjust interest under Section 234B(4) of the Income-tax Act, 1961 based on subsequent orders. The Court emphasized the mandatory nature of interest levy and supported the Assessing Officer's actions in charging interest despite no initial levy under Section 234B(1) at the time of original assessment. The judgment underscored the correctness of the impugned order and dismissed the appeal, affirming the application and interpretation of Section 234B(4) in the given circumstances. Case-Laws Income Tax Mon, 01 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254294