https://www.taxtmi.com/caselaws?id=14239 The dominant issue was whether interest under ss. 234B and 234C applies where tax is computed on deemed income under s. 115J. The HC held that ss. 234B and 234C are triggered by failure to pay adequate advance tax under s. 208 and by prescribed shortfalls in instalments, and neither provision excludes assessments involving s. 115J. Since advance tax liability subsists irrespective of s. 115J, interest is mandatorily leviable when the assessee pays less than the statutory thresholds. The Tribunal's view sustaining interest was affirmed, and the question was answered in favour of the Revenue and against the assessee. en-us Tue, 31 Aug 1999 00:00:00 +0530 Fri, 19 Dec 2025 23:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14239 The dominant issue was whether interest under ss. 234B and 234C applies where tax is computed on deemed income under s. 115J. The HC held that ss. 234B and 234C are triggered by failure to pay adequate advance tax under s. 208 and by prescribed shortfalls in instalments, and neither provision excludes assessments involving s. 115J. Since advance tax liability subsists irrespective of s. 115J, interest is mandatorily leviable when the assessee pays less than the statutory thresholds. The Tribunal's view sustaining interest was affirmed, and the question was answered in favour of the Revenue and against the assessee. Case-Laws Income Tax Tue, 31 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14239