https://www.taxtmi.com/caselaws?id=433840 The court set aside the order rejecting the waiver of interest under Section 234B to a certain extent but upheld the appellate order dated 31.01.2019 and the consequential order dated 28.03.2019. The court allowed W.P.No.950 of 2020 and dismissed W.P.No.955 of 2020. It concluded that the phrase "or otherwise" in Section 234B(2) should be interpreted expansively, covering all possible payments made by an assessee, including advance tax for subsequent years. No costs were awarded, and connected miscellaneous petitions were closed. en-us Mon, 14 Nov 2022 00:00:00 +0530 Wed, 25 Oct 2023 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433840 The court set aside the order rejecting the waiver of interest under Section 234B to a certain extent but upheld the appellate order dated 31.01.2019 and the consequential order dated 28.03.2019. The court allowed W.P.No.950 of 2020 and dismissed W.P.No.955 of 2020. It concluded that the phrase "or otherwise" in Section 234B(2) should be interpreted expansively, covering all possible payments made by an assessee, including advance tax for subsequent years. No costs were awarded, and connected miscellaneous petitions were closed. Case-Laws Income Tax Mon, 14 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433840