https://www.taxtmi.com/highlights?id=68181 Interest Liability u/s 234B - settlement of case u/s 245D(4) - Levy of interest on tax on additional income offered without providing the set off of the prepaid taxes already paid. - The plea on the part of the petitioner is that it has required to pay the interest at a specific rate on the additional amount of Income Tax offered before the Settlement Commission was not executed. - it cannot be expected to pay interest on the taxes already paid. - HC en-us Wed, 08 Feb 2023 12:41:28 +0530 Wed, 08 Feb 2023 12:41:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68181 Interest Liability u/s 234B - settlement of case u/s 245D(4) - Levy of interest on tax on additional income offered without providing the set off of the prepaid taxes already paid. - The plea on the part of the petitioner is that it has required to pay the interest at a specific rate on the additional amount of Income Tax offered before the Settlement Commission was not executed. - it cannot be expected to pay interest on the taxes already paid. - HC Highlights Income Tax Wed, 08 Feb 2023 12:41:28 +0530 https://www.taxtmi.com/highlights?id=68181