https://www.taxtmi.com/caselaws?id=15673 The court held that the levy of interest under sections 234A and 234B of the Income-tax Act, 1961 is automatic and mandatory, and no opportunity of being heard is required before such levy. The case involved a partnership firm challenging the interest amounts imposed without prior notice. The court emphasized the automatic nature of the levy, citing statutory provisions and precedents. Ultimately, the court ruled in favor of the Revenue, concluding that no opportunity of being heard is necessary for the imposition of interest under sections 234A and 234B. en-us Fri, 22 Oct 1999 00:00:00 +0530 Wed, 26 Aug 2009 17:59:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15673 The court held that the levy of interest under sections 234A and 234B of the Income-tax Act, 1961 is automatic and mandatory, and no opportunity of being heard is required before such levy. The case involved a partnership firm challenging the interest amounts imposed without prior notice. The court emphasized the automatic nature of the levy, citing statutory provisions and precedents. Ultimately, the court ruled in favor of the Revenue, concluding that no opportunity of being heard is necessary for the imposition of interest under sections 234A and 234B. Case-Laws Income Tax Fri, 22 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15673