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Tata Power Delhi Distribution Ltd. v.Add. CIT (2023)108 ITR 329 (Delhi)(Trib)

S. 234B : Interest-Advance tax-applies on returned income and not on assessed income. [S. 234C]

 

Held  that the chargeability of interest under section 234B was consequential in nature. As far as interest under section 234C of the Act was concerned, it should be charged only on the returned income and not on the assessed income.(AY.2011-12, 2012-13)