Income Tax

Interest u/s 234B on failure to pay advance tax for tax payable u/s 115JB – Supreme Court admits appeal

Interest u/s 234B on failure to deposit the advance tax in respect of tax payable u/s 115JB of Income Tax Act – Supreme Court admits the question in appeal

ABCAUS Case Law Citation:
ABCAUS 2663 (2018) (12) SC

The Revenue had filed a Civil Appeal on the questions as to whether interest was not payable by the assessee/respondent under Section 234B of the Income Tax Act, 1961 ( the Act) on failure to deposit the advance tax in respect of tax payable under Section 115JB of the Income Tax Act, 1961?

The Hon’ble Supreme Court has admitted the appeal and opined that the question of interest payable under Section 234B of the Act requires an in-depth hearing. 

Download Full Judgment Click Here >>

----------- Similar Posts: -----------
Share

Recent Posts

  • Income Tax

HC dismissed appeal against inadequacy of sentence in income tax prosecution cases

Appeal against inadequacy of sentence passed by special court in income tax prosecution cases dismissed by High Court  In a…

21 hours ago
  • ICSI

ICSI launches CS Mitr Scheme to give incentive for student registrations

ICSI launches CS Mitr Scheme to give incentive for getting student registered in Executive Programme ICSI has launched CS Mitr…

1 day ago
  • Income Tax

CPC order u/s 143(1) is appealable and hence no merger with order u/s 143(3) – ITAT

CPC order u/s 143(1) is appealable and hence the doctrine of merger with order u/s 143(3) do not arise -…

2 days ago
  • GST

Under GST Act, there is no specific provision to disclose route of transportation of goods

Under GST Act, there is no specific provision which bounds selling dealer to disclose route to be taken during transportation…

2 days ago
  • Companies Act

Restrictions on use of words “Nidhi Limited”-The Nidhi (Amendment) Rules, 2024

Restrictions on use of words Nidhi Limited unless declared as such under section 406(1). Nidhi (Amendment) Rules 2024 MINISTRY OF…

2 days ago
  • Companies Act

MCA prescribes period & fee for updating directors personal mobile number & email

MCA prescribes period and fee for updating of Directors personal mobile number or email address by e-form DIR-3 KYC  MINISTRY…

2 days ago