https://www.taxtmi.com/caselaws?id=352395 The Tribunal upheld the decisions of the AO and CIT(A) to charge interest under section 234B for non-payment of Alternative Minimum Tax (AMT) in advance. Citing the Supreme Court's ruling and various High Court decisions, the Tribunal concluded that interest under section 234B applies to AMT under section 115JC. Additionally, it affirmed that the advance tax provisions under section 208 are applicable to AMT. The Tribunal dismissed the appeals of the assessee, stating that the issue of charging interest under section 234B for AMT is not a clear-cut mistake and cannot be rectified under section 154. en-us Fri, 08 Dec 2017 00:00:00 +0530 Wed, 13 Dec 2017 21:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352395 The Tribunal upheld the decisions of the AO and CIT(A) to charge interest under section 234B for non-payment of Alternative Minimum Tax (AMT) in advance. Citing the Supreme Court's ruling and various High Court decisions, the Tribunal concluded that interest under section 234B applies to AMT under section 115JC. Additionally, it affirmed that the advance tax provisions under section 208 are applicable to AMT. The Tribunal dismissed the appeals of the assessee, stating that the issue of charging interest under section 234B for AMT is not a clear-cut mistake and cannot be rectified under section 154. Case-Laws Income Tax Fri, 08 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352395