https://www.taxtmi.com/caselaws?id=276636 The court held that the Settlement Commission was justified in directing the computation of interest under Section 234B, considering the provisions of Section 234B(2A). The court emphasized that the interest charge under Section 234B is mandatory, as held by the Supreme Court in Anjum H. Ghaswala. The court concluded that the amendment to Section 234B(2A) clarifies the existing provisions and applies to all pending proceedings as of 01.06.2015. The court dismissed the petitions, upholding the Settlement Commission's order to levy interest on additional income determined under Section 245D(4). en-us Wed, 19 Jul 2017 00:00:00 +0530 Thu, 15 Nov 2018 07:19:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276636 The court held that the Settlement Commission was justified in directing the computation of interest under Section 234B, considering the provisions of Section 234B(2A). The court emphasized that the interest charge under Section 234B is mandatory, as held by the Supreme Court in Anjum H. Ghaswala. The court concluded that the amendment to Section 234B(2A) clarifies the existing provisions and applies to all pending proceedings as of 01.06.2015. The court dismissed the petitions, upholding the Settlement Commission's order to levy interest on additional income determined under Section 245D(4). Case-Laws Income Tax Wed, 19 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276636