Dismissing the appeal of the assessee the Tribunal held that since on account of reassessment order, assessee had became liable to pay advance tax , levy of interest is mandatory .( AY.2000-01)
Satish Katoch. v. ITO (2019) 174 ITD 337 (Chd) (Trib.)
S. 234B : Interest – Advance tax – Reassessment-Unexplained investment – levy of interest is mandatory [ S.147, 148,234B(3)]