https://www.taxtmi.com/caselaws?id=334993 The court dismissed the appeal, upholding the levy of interest under Section 234C as mandatory and automatic. The court ruled that the appellant's arguments regarding deferment in payment of advance tax due to unexpected income were immaterial, citing precedents that the interest provisions are compensatory. The court found the levy of interest justified, stating that the statute does not provide exceptions for unanticipated income. Other disallowances and claims contested by the appellant were not detailed in the judgment. en-us Thu, 04 Aug 2016 00:00:00 +0530 Fri, 03 Feb 2017 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334993 The court dismissed the appeal, upholding the levy of interest under Section 234C as mandatory and automatic. The court ruled that the appellant's arguments regarding deferment in payment of advance tax due to unexpected income were immaterial, citing precedents that the interest provisions are compensatory. The court found the levy of interest justified, stating that the statute does not provide exceptions for unanticipated income. Other disallowances and claims contested by the appellant were not detailed in the judgment. Case-Laws Income Tax Thu, 04 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334993