https://www.taxtmi.com/caselaws?id=11015 The court dismissed the writ application challenging the interest charged under section 234C of the Income-tax Act for the assessment year 1998-99. It upheld the statutory requirement for advance tax payment and subsequent interest liability, emphasizing the mandatory nature of the provision despite potential hardships in specific cases. The court highlighted the legislative intent for mandatory interest collection and rejected the petitioner's argument of unconstitutionality, affirming the validity of interest provisions under sections 234A, 234B, and 234C of the Act. en-us Mon, 12 Jan 2004 00:00:00 +0530 Wed, 29 Jul 2009 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11015 The court dismissed the writ application challenging the interest charged under section 234C of the Income-tax Act for the assessment year 1998-99. It upheld the statutory requirement for advance tax payment and subsequent interest liability, emphasizing the mandatory nature of the provision despite potential hardships in specific cases. The court highlighted the legislative intent for mandatory interest collection and rejected the petitioner's argument of unconstitutionality, affirming the validity of interest provisions under sections 234A, 234B, and 234C of the Act. Case-Laws Income Tax Mon, 12 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11015