https://www.taxtmi.com/caselaws?id=267612 Interest under section 234B was not sustainable where the alleged shortfall in advance tax arose from a bona fide and legally supportable view on the year of taxability of enhanced compensation and related interest from compulsory acquisition of agricultural land. The assessee had consistently followed the spread-over basis while the law on assessability remained unsettled, and that position was later clarified by the Supreme Court. On those facts, the non-payment of advance tax on the disputed amount could not be treated as an attributable default, so the interest levy was deleted. en-us Wed, 30 Sep 2015 00:00:00 +0530 Sat, 07 Nov 2015 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267612 Interest under section 234B was not sustainable where the alleged shortfall in advance tax arose from a bona fide and legally supportable view on the year of taxability of enhanced compensation and related interest from compulsory acquisition of agricultural land. The assessee had consistently followed the spread-over basis while the law on assessability remained unsettled, and that position was later clarified by the Supreme Court. On those facts, the non-payment of advance tax on the disputed amount could not be treated as an attributable default, so the interest levy was deleted. Case-Laws Income Tax Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267612