Interest u/s 234B & C when tax u/s 115JB

Dear Chintanshah,

ALLL THIS CONFUSION IS BECOS OF CHANGES IN THE LAW...........

The judgement in the case Kwality Buiscuits was w.r.t Sec 115 J whereas the Judgement in case of Jindal thermal Power was w.r.t Sec 115 JA,

Now all these Sec i:e 115J, 115 JA & 115 JB - begins with Non obstante Cluase w.r.t entire Income Tax Act but in Sec 115 JA & Sec 115 JB - there is subsection that

Save as otherwise provided in this section, all other provisions of this Act shall apply to every assessee, being a company, mentioned in this section.

Now this subject was not there in Sec 115 J, therefore interest u/s 234B , 234C CANNOT BE CHARGED U/S 115 J........So none of the judgement is contradictory to another it's just that these are based on laws applicable on different points of time.

But now since 115 JB has this subsection there is no doubt that interest u/s 234B & 234C will be charged in case of MAT.......

yes interest u/s 234B & C chargeable when tax is payable u/s 115JB.

Thanks amir.......