https://www.taxtmi.com/caselaws?id=57245 The Tribunal upheld the Revenue's appeal, overturning the CIT(A) decision and reinstating the AO's imposition of interest under section 234B of the Income Tax Act. The Tribunal found that the assessee's failure to pay advance tax on the lottery prize warranted the interest charge, rejecting arguments that tax deduction at source on the prize exempted the assessee from advance tax liability. The Tribunal emphasized the mandatory nature of interest imposition for non-payment of advance tax, ultimately ruling in favor of the Revenue. en-us Tue, 26 Oct 1999 00:00:00 +0530 Thu, 09 Dec 2010 11:13:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57245 The Tribunal upheld the Revenue's appeal, overturning the CIT(A) decision and reinstating the AO's imposition of interest under section 234B of the Income Tax Act. The Tribunal found that the assessee's failure to pay advance tax on the lottery prize warranted the interest charge, rejecting arguments that tax deduction at source on the prize exempted the assessee from advance tax liability. The Tribunal emphasized the mandatory nature of interest imposition for non-payment of advance tax, ultimately ruling in favor of the Revenue. Case-Laws Income Tax Tue, 26 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57245