2014 (2) TMI 1154

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..... 1) TMI 5 - SUPREME COURT OF INDIA] has been passed on January 7, 2011. However, during the relevant assessment year under consideration, the law on this point has been governed by the decision of the hon'ble apex court in the case of CIT v. Kwality Biscuits Ltd. [2006 (4) TMI 121 - SUPREME Court] according to which no interest has chargeable under sections 234B and 234C for non-payment of mini .....

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..... er 16, 2013 for the assessment year 2010-11. 2. In this appeal, the main ground B raised by the assessee relates to the decision of the learned Commissioner of Income-tax (Appeals) in confirming the order of the Assessing Officer levying interest under sections 234B and 234C of the Act to the extent of ₹ 2,90,22,007 and ₹ 45,12,423 (sic) respectively. 3. The relevant facts are .....

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..... 330 ITR 470 (SC) has been passed on January 7, 2011. However, during the relevant assessment year under consideration, the law on this point has been governed by the decision of the hon'ble apex court in the case of CIT v. Kwality Biscuits Ltd. [2006] 284 ITR 434 (SC) according to which no interest has chargeable under sections 234B and 234C for non-payment of minimum alternate tax in advance. .....

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