The Tribunal held that the levy of interest under sections 234B and 234C is mandatory and consequential. Accordingly, the levy of interest was upheld. (AY. 2018-19).
Toyota Kirloskar Motor P. Ltd. v. Dy. CIT (2025) 129 ITR 515 (Bang.)(Trib.)
S. 234B: : Interest-Advance tax-Levy of interest-Mandatory and consequential.[S. 234C]
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