https://www.taxtmi.com/caselaws?id=254676 The appeals were dismissed, affirming the liability of the assessee to pay interest under sections 234B and 234C of the Income-tax Act, 1961, even when income is determined under sections 115J/115JA/115JB. Precedents and legal interpretations supported the decision, emphasizing the applicability of interest in such cases. The court upheld the revenue's right to charge interest in assessments based on "Book Profits" under the specified sections of the Act. en-us Fri, 28 Nov 2014 00:00:00 +0530 Sun, 28 Dec 2014 19:02:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254676 The appeals were dismissed, affirming the liability of the assessee to pay interest under sections 234B and 234C of the Income-tax Act, 1961, even when income is determined under sections 115J/115JA/115JB. Precedents and legal interpretations supported the decision, emphasizing the applicability of interest in such cases. The court upheld the revenue's right to charge interest in assessments based on "Book Profits" under the specified sections of the Act. Case-Laws Income Tax Fri, 28 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254676