Interest Calculation u/s 234C to Focus on Returned Income, Not Assessed Tax, as Directed by Assessing Officer. https://www.taxtmi.com/highlights?id=72945 Computation of interest u/s 234C - i it is pertinent to note that section 234C refers to the term “returned income” in comparison to section 234B which refers to the term “assessed tax” for imposing interest. - AO directed to compute the interest u/s 234C on the “returned income” of the assessee. - AT en-us Tue, 07 Nov 2023 08:54:30 +0530 Tue, 07 Nov 2023 08:31:34 +0530 TaxTMI RSS Generator Interest Calculation u/s 234C to Focus on Returned Income, Not Assessed Tax, as Directed by Assessing Officer. https://www.taxtmi.com/highlights?id=72945 Computation of interest u/s 234C - i it is pertinent to note that section 234C refers to the term “returned income” in comparison to section 234B which refers to the term “assessed tax” for imposing interest. - AO directed to compute the interest u/s 234C on the “returned income” of the assessee. - AT Highlights Income Tax Tue, 07 Nov 2023 08:54:30 +0530 https://www.taxtmi.com/highlights?id=72945