https://www.taxtmi.com/caselaws?id=173499 The Court dismissed the appeal, ruling in favor of the Revenue, regarding the imposition of interest u/s 234B for the assessment year 1994-95. The Court held that the provision of section 234B is mandatory and does not require specific mention in the assessment order, as it is automatically applicable by law from 1.4.1989. The Court disagreed with a previous judgment and upheld the Tribunal's decision, concluding that the interest u/s 234B was correctly imposed. The appeal was dismissed, with no order as to costs. en-us Fri, 08 May 2009 00:00:00 +0530 Thu, 17 Sep 2015 09:47:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173499 The Court dismissed the appeal, ruling in favor of the Revenue, regarding the imposition of interest u/s 234B for the assessment year 1994-95. The Court held that the provision of section 234B is mandatory and does not require specific mention in the assessment order, as it is automatically applicable by law from 1.4.1989. The Court disagreed with a previous judgment and upheld the Tribunal's decision, concluding that the interest u/s 234B was correctly imposed. The appeal was dismissed, with no order as to costs. Case-Laws Income Tax Fri, 08 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173499