CIT (LTU) v. Glenmark Pharmaceuticals Ltd. (2019) 265 Taxman 237/ 310 CTR 723 /182 DTR 87 (SC) Editorial: Order in CIT(LTU) v. Glenmark Pharmaceuticals Ltd. (2017) 398 ITR 439/85 taxmann.com 349 (Bom.)(HC)

S. 234B : Interest-Advance tax–Book profit-Failure to deposit advance tax in respect of tax payable under section 115JB, matter required an in-depth hearing and, therefore, appeal be listed as per its turn. [S. 115J]

High Court held that interest was not payable by assessee under S. 234B on failure to deposit advance tax in respect of tax payable under S. 115JB. Supreme Court held that   question, i.e. interest payable under S 234B was concerned, matter required an in-depth hearing. Accordingly  the appeal to be listed as per its turn.(AY. 2008 09)

(Note: Order of Tribunal in   Glenmark Pharmaceuticals Ltd. v. Add. CIT (2014) 43 taxmann.com 191/ 62 SOT 79 (URO) (Mum.)(Trib.) is affirmed.