https://www.taxtmi.com/caselaws?id=255001 The Gujarat High Court held that the Tribunal's deletion of interest charged under Sections 234B and 234C on income assessed under Section 115JA of the Income Tax Act was incorrect. Citing relevant case law, the court determined that companies subject to Sections 115JA and 115JB are liable for interest under Sections 234B and 234C. Accordingly, the court ruled in favor of the revenue, concluding that the assessee must pay the interest under these sections on the tax determined under Section 115JA. The appeals were allowed in favor of the revenue. en-us Thu, 27 Nov 2014 00:00:00 +0530 Tue, 06 Jan 2015 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255001 The Gujarat High Court held that the Tribunal's deletion of interest charged under Sections 234B and 234C on income assessed under Section 115JA of the Income Tax Act was incorrect. Citing relevant case law, the court determined that companies subject to Sections 115JA and 115JB are liable for interest under Sections 234B and 234C. Accordingly, the court ruled in favor of the revenue, concluding that the assessee must pay the interest under these sections on the tax determined under Section 115JA. The appeals were allowed in favor of the revenue. Case-Laws Income Tax Thu, 27 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255001