https://www.taxtmi.com/caselaws?id=340068 The tribunal upheld the decision that interest under Section 234C of the Income Tax Act is chargeable on the revised income declared in response to a notice under Section 148. It was determined that Section 234C applies to returns filed under Section 148, emphasizing that the term "tax due on the returned income" encompasses income declared in any return filed by the assessee. The tribunal highlighted that exceptions under Section 234C do not apply in this case, leading to the sustained levy of interest. en-us Tue, 31 Jan 2017 00:00:00 +0530 Tue, 07 Mar 2017 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340068 The tribunal upheld the decision that interest under Section 234C of the Income Tax Act is chargeable on the revised income declared in response to a notice under Section 148. It was determined that Section 234C applies to returns filed under Section 148, emphasizing that the term "tax due on the returned income" encompasses income declared in any return filed by the assessee. The tribunal highlighted that exceptions under Section 234C do not apply in this case, leading to the sustained levy of interest. Case-Laws Income Tax Tue, 31 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340068