https://www.taxtmi.com/caselaws?id=33537 The court upheld the Commission's order regarding the liability to charge interest under Section 234B of the Income-tax Act, ruling that interest could be imposed on undisclosed income even if no interest would have been leviable on the originally disclosed income alone. The court did not address the issue of liability to pay interest for reopened assessments as the petitioners did not press this issue during the hearing. Ultimately, the petition was rejected, and no costs were awarded. en-us Mon, 03 Mar 2008 00:00:00 +0530 Fri, 22 May 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33537 The court upheld the Commission's order regarding the liability to charge interest under Section 234B of the Income-tax Act, ruling that interest could be imposed on undisclosed income even if no interest would have been leviable on the originally disclosed income alone. The court did not address the issue of liability to pay interest for reopened assessments as the petitioners did not press this issue during the hearing. Ultimately, the petition was rejected, and no costs were awarded. Case-Laws Income Tax Mon, 03 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33537