https://www.taxtmi.com/caselaws?id=56480 The Tribunal allowed the appeal, overturning the CIT(A)'s decision and instructing the AO to reassess the appellant's interest liability under section 234C. The Tribunal determined that the appellant, due to the specific provisions related to Minimum Alternate Tax (MAT) and advance tax liability, was not obligated to pay the first installment of advance tax for the relevant assessment year. Consequently, the appellant was found not liable for interest under section 234C. en-us Mon, 29 Aug 2005 00:00:00 +0530 Fri, 03 Dec 2010 19:08:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56480 The Tribunal allowed the appeal, overturning the CIT(A)'s decision and instructing the AO to reassess the appellant's interest liability under section 234C. The Tribunal determined that the appellant, due to the specific provisions related to Minimum Alternate Tax (MAT) and advance tax liability, was not obligated to pay the first installment of advance tax for the relevant assessment year. Consequently, the appellant was found not liable for interest under section 234C. Case-Laws Income Tax Mon, 29 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56480