https://www.taxtmi.com/caselaws?id=471404 Interest under Section 234A is mandatory and remains chargeable despite pending quantum proceedings. Its amount depends on the income ultimately determined in the quantum appeal. Once taxable income is finally settled, the interest liability must be recomputed and adjusted to conform to that determination. The chargeability of interest is therefore maintained, while its final quantum remains contingent on the outcome of the income determination proceedings. en-us Mon, 07 Apr 2025 00:00:00 +0530 Tue, 01 Sep 2026 19:02:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471404 Interest under Section 234A is mandatory and remains chargeable despite pending quantum proceedings. Its amount depends on the income ultimately determined in the quantum appeal. Once taxable income is finally settled, the interest liability must be recomputed and adjusted to conform to that determination. The chargeability of interest is therefore maintained, while its final quantum remains contingent on the outcome of the income determination proceedings. Case-Laws Income Tax Mon, 07 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471404