RE. Interest charged u/s 234B & C under MAT
This query is : Resolved
CA Gaurav Makwana
(Querist)
21 November 2009
My question is that whether interest is charged u/s 234B & 234C under the MAT liablity? I have gone through the Kwality Biscuits Judgement but recently the Ahmedabad Tribunal Judgement in case of Kanel Oil (I) exports ltd. is contradictory following the judgement of Ashima Syntex Tribunal Decision overulling the judgement of highcourt in case of snowcem cement ltd. . What is the exact verdict???
Manek Amit
(Expert)
24 November 2009
Ya S. 234 B & C both will be applicable to MAT as well. according to the provision given u/s 115JB tax includes interest also so interest u/s 234B & C both will be applicable..
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