https://www.taxtmi.com/caselaws?id=191086 The Supreme Court ruled in favor of the revenue in an appeal under section 260-A of the Income Tax Act, challenging the order of the Income Tax Appellate Tribunal regarding the chargeability of interest under sections 234B and 234C when total income is assessed under section 115J. The Court held that interest under sections 234B and 234C is chargeable even when total income is assessed under section 115J, emphasizing that these sections apply to all companies, including those assessed under section 115J. The Tribunal's decision to not charge interest was overturned, and the appeal was allowed with no costs incurred. en-us Fri, 24 Jun 2011 00:00:00 +0530 Mon, 20 Mar 2017 15:15:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191086 The Supreme Court ruled in favor of the revenue in an appeal under section 260-A of the Income Tax Act, challenging the order of the Income Tax Appellate Tribunal regarding the chargeability of interest under sections 234B and 234C when total income is assessed under section 115J. The Court held that interest under sections 234B and 234C is chargeable even when total income is assessed under section 115J, emphasizing that these sections apply to all companies, including those assessed under section 115J. The Tribunal's decision to not charge interest was overturned, and the appeal was allowed with no costs incurred. Case-Laws Income Tax Fri, 24 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191086