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IBM India liable to pay interest for delay in filing ITR on incremental income pursuant to APA: ITAT
Case Law Details
- Case Name
- IBM India Pvt. Ltd. Vs ACIT (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Bangalore
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IBM India Pvt. Ltd. Vs ACIT (ITAT Bangalore)
It has been submitted by Ld.Counsel that as a consequence of APA entered into by assessee, income was increased vis-a-vis original computation at page 322. Referring to revised computation at page 328 of paper book volume 1, he submitted that, incremental increase in the income is Rs.7,74,2 1,28,914/- pursuant to APA on which interest under section 234B cannot be living.
Having said so, Ld.Counsel also admitted that 234B is a mandatory levy, by referring to decision of Hon’ble Supreme Court in case of CIT vs. Anjum.M.H. Ghaswa...
