The Tribunal held that the interest shall apply on the returned income and not assessed income. The issue of interest was consequential and thus, was not considered.(AY. 2013-14)
United Spirits Ltd. v. Dy. CIT (2022)97 ITR 272 (Bang) (Trib)
S. 234C : Interest-Deferment of advance tax-Not applicable on assessed income but returned income.