Interest Calculation u/s 234C to Focus on Returned Income, Not Assessed Tax, as Directed by Assessing Officer.

Computation of interest u/s 234C - i it is pertinent to note that section 234C refers to the term “returned income” in comparison to section 234B which refers to the term “assessed tax” for imposing interest. - AO directed to compute the interest u/s 234C on the “returned income” of the assessee. - AT .....

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