Interest under section 234A, B and C are mandatory in nature and no discretion is vested in the Assessing Officer

RELEVANT PARAGRAPH

6. Question Nos. 10 and 11 pertain to assessee’s challenge against levy of interest under section 234B of the Act for non-payment of advance tax. The assessee has relied on the decision of the Supreme Court in CIT V. RANCHI CLUB LTD., 247LT.R, 209 and decision of the Delhi High Court in CIT v. INCHCAPE INDIA (P) LTD., 179 LT.R. 212 (Del.) and the decision of this Court m CIT V. TRAVANCORE TITANIUM PRODUCTS, 183 CTR 473 and contended that

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