115 jb and tax payable u/s 234c

Paresh (Chartered Accountant) (96 Points)

14 December 2011  

My Company has earned income in the last Quarter of Financial Year and paid tax U/s 115JB. Now i received intimation u/s 143(1) demanding Interest u/s 234C. My question is whether income earned in the last quarter of financial Year are liable to Interest u/s 234C. I require expert comment with decided case Laws if any.