BOSCH LIMITED vs. THE ASSISTANT COMMISSIONER

In the result, petition is allowed

Bench: The Hon'Ble Mr. Justice Ram Mohan Reddy

234C regulates payment of simple interest at the rate of 18% per annum in case an assessee liable to pay advance tax under Section 208 of the Act, either fails to pay the tax or pays the same which is less than 30% by September 15, or 60% by December 15, of the tax due on the returned income

M/S CANBANK FINANCIAL SERVICES LTD vs. CHIEF COMMISSIONER OF INCOME TAX

Bench: The Hon'Ble Dr.Justice Vineet Kothari