2016 (10) TMI 810

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....ER 1. Heard Sri Rakesh Kumar Garg for petitioner and Sri Ravindra Kumar for respondents. 2. The only question raised in this writ petition is that interest under Section 234-A, 234-B and 234-C of Income Tax Act, 1961 (hereinafter referred to as "Act, 1961") is payable if the assessee has submitted return beyond time and there is delay in payment of tax. 3. Learned Counsel for petitioner submitt....

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....tioner could not show any provision or authority of law that cash amount seized by recovery officer shall be treated to be tax deposited by person concerned on the date of such seizure. 6. In both authorities referred to herein above, C.I.T. Vs. Pranov Roy (supra) and Karanvir Singh Gossal (supra), Supreme Court has held that provisions of section 234-A are mandatory and compensatory. 7. Once th....