Interest leviable u/s 234B on income computed u/s 115JB

Issue is  covered by  decision of Hon’ble Supreme Court in the case of JCIT vs. Rolta India Ltd. 330 ITR 470 (SC) wherein it has been held that interest u/s 234B and 234C shall be payable for failure to pay advance tax in respect of tax payable u/s 115JA/115JB. Therefore, we hold that learned CIT (A) has rightly decided that interest is leviable u/s 234B in respect of income computed u/s 115JB.

INCOME TAX APPELLATE TRIBUNAL, DELHI

ITA No. 635/Del/2012

Assessment Year: 2002- 03

Central Warehousing Corporation

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