https://www.taxtmi.com/caselaws?id=267624 The High Court of Patna ruled in favor of the Revenue, upholding the charging of interest under Sections 234B and 234C based on the assessment order and computation sheet in ITNS 150. The Court emphasized the mandatory nature of the provisions and the retrospective effect of the amendments, ensuring that interest is calculated based on the assessed tax as per the statutory requirements. en-us Mon, 07 Sep 2015 00:00:00 +0530 Wed, 29 Nov 2017 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267624 The High Court of Patna ruled in favor of the Revenue, upholding the charging of interest under Sections 234B and 234C based on the assessment order and computation sheet in ITNS 150. The Court emphasized the mandatory nature of the provisions and the retrospective effect of the amendments, ensuring that interest is calculated based on the assessed tax as per the statutory requirements. Case-Laws Income Tax Mon, 07 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267624