Interest u/s 234B stops at total income determination date, not extended by revisional or appellate orders.

Interest u/s 234B stops at total income determination date, not extended by revisional or appellate orders. https://www.taxtmi.com/highlights?id=26369 Interest u/s 234B - the liability would end on the date of determination of total income u/s 143(1) or, in case of regular assessment, the date of such assessment. In view of such clear language of Section 234B(1), there is no scope for extending such liability to a later date and relate it to a revisional appellate or a rectification order as is desired by the revenue. - HC en-us Sat, 12 Dec 2015 21:45:43 +0530 Sat, 12 Dec 2015 21:45:43 +0530 TaxTMI RSS Generator Interest u/s 234B stops at total income determination date, not extended by revisional or appellate orders. https://www.taxtmi.com/highlights?id=26369 Interest u/s 234B - the liability would end on the date of determination of total income u/s 143(1) or, in case of regular assessment, the date of such assessment. In view of such clear language of Section 234B(1), there is no scope for extending such liability to a later date and relate it to a revisional appellate or a rectification order as is desired by the revenue. - HC Highlights Income Tax Sat, 12 Dec 2015 21:45:43 +0530 https://www.taxtmi.com/highlights?id=26369