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Interest leviable u/s 234B on income computed u/s 115JB
Case Law Details
- Case Name
- Central Warehousing Corporation Vs. ACIT (OSD) (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2002- 03
- Courts
- All ITAT, ITAT Delhi
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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
Vs.
ACIT (OSD)
ORDER
PER I.P. BANSAL, JUDICIAL MEMBER
This is an appeal filed b...
