2016 (10) TMI 399

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....nt : Md. Nizamuddin, Adv. ORDER The Court : The petitioner has assailed an order passed by the settlement commission. The challenge to the order of the settlement commission is limited to the imposition of interest under Sections 234B and 234C of the Income Tax Act, 1961. The learned Senior Advocate appearing for the petitioner has submitted that, the assessee is not liable to pay interes....

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....and 234C by the settlement commission is under challenge in the present case. In GE Packaged Power Inc. (supra) the following issue was considered: "The question that arises for consideration is whether interest should be levied on the assessee under section 234B, on the ground of nonpayment of advance tax. The case of the Revenue, in short, is that the position of law in Alcatel Lucent (....