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MAT

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(Querist)
01 January 2010 Whether Interest is payable for delay payment of MAT u/s 234B & 234C?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
01 January 2010 yes
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
01 January 2010 Interest under section 234B and C were also leviable on income computed under section 115JB.
Citation:- Madras Pharmaceuticals (P) Ltd Vs. DCIT (2008) 24 SOT 180 (Mum-Tri).
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
01 January 2010 yes
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