234b and 234c -- assessed tax

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com )   (3468 Points)

18 July 2013  

Friends,

My understanding is that if there is refund at the ITR filing stage ie assessed tax is negative then there is no interest liability under section 234B and 234C.

Is it correct.

Regards,