https://www.taxtmi.com/highlights?id=68216 Waiver of interest u/s 234B - interest in defaults in payment of advance tax - The phrase ‘or otherwise’ used in Section 234B(2) would encompass situations of remittances made in any other context, wherein the amounts paid stood to the credit of the petitioner. - there is a delay of one and two years respectively, as the amounts for which credit is sought ought to have been remitted in FY 2010-11, relevant to AY 2011-12. To this extent, the petitioner is liable to interest in terms of Section 234B. - HC en-us Fri, 10 Feb 2023 12:35:47 +0530 Fri, 10 Feb 2023 12:35:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68216 Waiver of interest u/s 234B - interest in defaults in payment of advance tax - The phrase ‘or otherwise’ used in Section 234B(2) would encompass situations of remittances made in any other context, wherein the amounts paid stood to the credit of the petitioner. - there is a delay of one and two years respectively, as the amounts for which credit is sought ought to have been remitted in FY 2010-11, relevant to AY 2011-12. To this extent, the petitioner is liable to interest in terms of Section 234B. - HC Highlights Income Tax Fri, 10 Feb 2023 12:35:47 +0530 https://www.taxtmi.com/highlights?id=68216