https://www.taxtmi.com/caselaws?id=344817 The High Court interpreted sections 234B and 234C of the Income Tax Act in relation to sections 115J/115JA, emphasizing that interest under these sections applies to all companies, including those falling under sections 115J/115JA. The court clarified that Minimum Alternate Tax (MAT) companies must estimate profits before the end of the financial year and are liable for advance tax payments and interest for defaults. Following the Apex Court's decision in "Joint Commissioner of Income Tax Vs. Rolta India Ltd.," the High Court aligned its ruling with the Apex Court's judgment, concluding that interest under sections 234B and 234C is applicable to MAT companies under sections 115JA/115JB. en-us Thu, 15 Jun 2017 00:00:00 +0530 Wed, 28 Jun 2017 08:26:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344817 The High Court interpreted sections 234B and 234C of the Income Tax Act in relation to sections 115J/115JA, emphasizing that interest under these sections applies to all companies, including those falling under sections 115J/115JA. The court clarified that Minimum Alternate Tax (MAT) companies must estimate profits before the end of the financial year and are liable for advance tax payments and interest for defaults. Following the Apex Court's decision in "Joint Commissioner of Income Tax Vs. Rolta India Ltd.," the High Court aligned its ruling with the Apex Court's judgment, concluding that interest under sections 234B and 234C is applicable to MAT companies under sections 115JA/115JB. Case-Laws Income Tax Thu, 15 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344817