https://www.taxtmi.com/caselaws?id=351790 The High Court dismissed the writ petition filed by M/s Gaonkar Mines, affirming the Chief Commissioner of Income-tax's decision to refuse waiver of interest under Sections 234A, 234B, and 234C of the Income-tax Act, 1961. The Court held that the petitioner's awareness of the consequences of non-deduction/remittance of tax on contract payments made the levy of interest automatic. Despite the petitioner's arguments regarding the pending adjudication of disallowance under Section 40(a)(ia) and the non-taxability of payments to contractors, the Court found no error in the CCIT's decision, which was deemed consistent with CBDT Instructions. en-us Tue, 14 Nov 2017 00:00:00 +0530 Fri, 01 Dec 2017 08:41:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351790 The High Court dismissed the writ petition filed by M/s Gaonkar Mines, affirming the Chief Commissioner of Income-tax's decision to refuse waiver of interest under Sections 234A, 234B, and 234C of the Income-tax Act, 1961. The Court held that the petitioner's awareness of the consequences of non-deduction/remittance of tax on contract payments made the levy of interest automatic. Despite the petitioner's arguments regarding the pending adjudication of disallowance under Section 40(a)(ia) and the non-taxability of payments to contractors, the Court found no error in the CCIT's decision, which was deemed consistent with CBDT Instructions. Case-Laws Income Tax Tue, 14 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351790