https://www.taxtmi.com/caselaws?id=333790 The High Court held that the petitioner, who did not deposit the tax and filed the return late, is liable to pay interest under Sections 234-A, 234-B, and 234-C of the Income Tax Act, 1961. The court emphasized the mandatory nature of these provisions, citing precedents where interest was not applicable when tax exceeded the ultimate payable amount. The judgment reaffirmed taxpayers' duty to timely file returns and pay taxes to avoid interest liabilities. Consequently, the writ petition was dismissed for lack of merit. en-us Mon, 22 Aug 2016 00:00:00 +0530 Tue, 25 Oct 2016 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333790 The High Court held that the petitioner, who did not deposit the tax and filed the return late, is liable to pay interest under Sections 234-A, 234-B, and 234-C of the Income Tax Act, 1961. The court emphasized the mandatory nature of these provisions, citing precedents where interest was not applicable when tax exceeded the ultimate payable amount. The judgment reaffirmed taxpayers' duty to timely file returns and pay taxes to avoid interest liabilities. Consequently, the writ petition was dismissed for lack of merit. Case-Laws Income Tax Mon, 22 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333790