Bharat Aluminium Co. Ltd., New Delhi vs Department Of Income Tax on 29 March, 2010
11. Moreover, recently Hon'ble Punjab and Haryana High Court in their
decisions in CIT vs. Steel Steips Leasing Ltd.,338 ITR 455,CIT vs. Rana Sugars
Ltd.,2011-TIOL-573-HC-P&H-IT and Amtexk Auto Ltd. Vs. CIT,338 ITR
550,following the view taken by the Hon'ble Apex Court in Rolta India Ltd.(supra)
upheld the levy of interest u/s 234B of the and 234C of the Act on tax calculated
on book profits determined u/s 115JB of the Act even at the time of processing
of return u/s 143(1) of the Act.