reassessed tax, but also interest, as demanded under Sections 234A, 234B and 234C of the 1961 Act.
4. The record shows that the respondent filed ... Commissioner'), for waiver of interest claimed under Sections 234A, 234B and 234C of the 1961 Act. These petitions for waiver of interest were pivoted
respondent to grant waiver of interest under Sections 234A , 234B and 234C of the Income Tax Act, 1961 for the assessment years ... application for waiver of interest payable under Sections 234A , 234B and 234C of the Act for the assessment years
brevity) giving partial relief of
waiver of interest under Section 234C of the said Act on
account of non-payment of installment of advance ... while waiving of
said interest under Section 234C of the Act for quarter
end of 15-06-2013 amounting
assessee had failed to pay advance tax and hence, Sections 234B and 234C were rightly invoked?
19. The factual matrix of the said case ... holding that the issue regarding levy of interest under Sections 234B and 234C of the Act is covered by the Special Division Bench decision
ITAT was justified in
deleting interest u/s. 234B and 234C of the
I.T.Act by holding that same would not have been
charged ... without
appreciating that charging of interest u/s. 234B
and 234C of the I.T Act is mandatory?"
2 This question relates
have prayed for waiver of interest chargeable under
Section 234A , 234B and 234C of the Act. In view of the Hon'ble
Supreme Court ... empowered to grant waiver / reduction of interest chargeable under
Section 234A and 234C of the Act. The said interest shall be charged
Page
OJMCA/15/2015 ORDER
that the interest under sections 234B and 234C is not
chargeable if the total income is assessed to tax under section ... Karnataka) and held that no interest under sections 234B and
234C of the Act would be chargeable on the basis of the
income determined
TAXAP/31/2003 ORDER
234B and 234C is not chargeable if the total income is assessed
to tax under section 115J of the Income ... held that
interest could not be charged under sections 234B and 234C of
the Act when the total income was determined under section
Page
considering the plea of waiver of interest charged under Section 234A, 234B, 234C, 220(2) and Rule 5 of the Second Schedule to the Income ... first respondent to waive interest charged under Sections 234A , 234B , 234C , 220(2) and Rule 5 of the Second Schedule to the Income
CCIT),
Panjim, Goa, refusing to waive interest under Sections
234A , 234B and 234C of the Income-tax Act, 1961
(hereinafter referred ... year. The
charge of interest under section 234B and 234C
consequent upon disallowance u/s 40(a)(ia) , is
therefore, automatic and mandatory
