https://www.taxtmi.com/caselaws?id=3397 The High Court ruled in favor of the Revenue, allowing the appeal and holding that interest under Sections 234A, 234B, and 234C of the Income Tax Act can be levied even in cases where the assessment is based on book profits under Section 115J. The judgment emphasized the importance of timely advance tax payments and clarified that interest provisions apply irrespective of the assessment method used. en-us Tue, 01 Aug 2006 00:00:00 +0530 Mon, 28 Jul 2008 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3397 The High Court ruled in favor of the Revenue, allowing the appeal and holding that interest under Sections 234A, 234B, and 234C of the Income Tax Act can be levied even in cases where the assessment is based on book profits under Section 115J. The judgment emphasized the importance of timely advance tax payments and clarified that interest provisions apply irrespective of the assessment method used. Case-Laws Income Tax Tue, 01 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3397