Allowing the appeal of the assessee the Court held that, an assessee whose income -tax liable to be deducted at source is not liable to pay advance tax and consequently not liable to pay interest u/s 234B (1). (AY. 1992-93 to 1996 -97)
J. Aditya Rao. v. ACIT (2018) 409 ITR 169 (T&AP) (HC)
S. 234B : Interest – Advance tax – Salary income -An assessee whose income -tax liable to be deducted at source is not liable to pay advance tax and consequently not liable to pay interest u/s 234B(1). [S. 15, 192]