Case Law Details
Case Name : The Commissioner of Income-tax Vs M/s. Baby Marine Exports (Kerala High Court)
Appeal Number : I.T.A. No. 94 of 2008
Date of Judgement/Order : 11/01/2018
Related Assessment Year :
Courts :
All High Courts Kerala High Court
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CIT Vs M/s. Baby Marine Exports (Kerala High Court)
If the regular assessment was upheld finally and there was a reassessment and re-computation of total income, the assessee would have been liable to pay advance tax to that extent also, on which, an interest would be levied under Section 234B(3). It is been held that a charge of interest under Section 234B(1) in regular assessment is not a necessary condition for charging interest under Section 234B(3).
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