https://www.taxtmi.com/caselaws?id=56977 The Appellate Tribunal held that interest under section 234C is chargeable for the period of default, subject to a maximum of three months, not compulsorily for three months. The Tribunal clarified the distinction between interest being "chargeable" and "charged" for a specific period, preventing multiple levies of interest for the same default. Consequently, the Tribunal allowed the appeal partly, deleting the extra interest charged under section 234C. en-us Wed, 25 May 1994 00:00:00 +0530 Tue, 07 Dec 2010 16:07:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56977 The Appellate Tribunal held that interest under section 234C is chargeable for the period of default, subject to a maximum of three months, not compulsorily for three months. The Tribunal clarified the distinction between interest being "chargeable" and "charged" for a specific period, preventing multiple levies of interest for the same default. Consequently, the Tribunal allowed the appeal partly, deleting the extra interest charged under section 234C. Case-Laws Income Tax Wed, 25 May 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56977