https://www.taxtmi.com/caselaws?id=369541 The Court ruled that interest under Sections 234B and 234C is chargeable when income is computed under Section 115JA of the Income Tax Act, 1961. Referring to previous cases and the Supreme Court's decision, the Court held that interest is applicable for failure to pay advance tax under Sections 115JA/115JB. Despite conflicting views by different High Courts, the Court dismissed the appeal, favoring the Revenue and aligning with the Supreme Court's decision. The judgment clarifies the interpretation of interest provisions and the applicability of advance tax payments for MAT companies. en-us Tue, 11 Sep 2018 00:00:00 +0530 Tue, 30 Oct 2018 10:04:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369541 The Court ruled that interest under Sections 234B and 234C is chargeable when income is computed under Section 115JA of the Income Tax Act, 1961. Referring to previous cases and the Supreme Court's decision, the Court held that interest is applicable for failure to pay advance tax under Sections 115JA/115JB. Despite conflicting views by different High Courts, the Court dismissed the appeal, favoring the Revenue and aligning with the Supreme Court's decision. The judgment clarifies the interpretation of interest provisions and the applicability of advance tax payments for MAT companies. Case-Laws Income Tax Tue, 11 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369541