2011 (7) TMI 808

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..... was held that payment of advance tax under sections 115JA and 115JB of the Act and section 234B applies to all companies and there is no exclusion of section 115J/115JA in the levy of interest under section 234B of the Act - Decided against the assessee - IT Appeal No. 552 of 2006 - - - Dated:- 13-7-2011 - V.G. Sabhahit and Ravi Malimath, JJ. M.V. Seshachala for the Appellant. JUDGME .....

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..... licable, holding that no interest under sections 234B and 234C is payable when provisions of MAT are applied? (2) Whether the appellate authorities were correct in holding that sub-section (4) to section 115J will not materially alter the provisions and the scheme as contemplated under section 115J of the Act despite the provision clearly contemplating the applicability of other provisions unde .....

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..... in the levy of interest under section 234B of the Act. 4. The respondent though served with notice, has not chosen to appear before this Court. 5. The Tribunal, in the impugned order, has relied upon the decision in Kwality Biscuits Ltd.'s v. CIT [2000] 243 ITR 519/110 Taxman 47 (Kar.). The Hon'ble Supreme Court while rendering the recent judgment in Rolta India Ltd.'s case (supr .....

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