Interest can not be levied for default in the Payment of Advance tax u/s 115JB
Where some of the amounts included in the book profits as per Explanation (h) to section 115JB were brought in by the Finance Act, 2008 with retrospective effect from 1st April, 2001, Whether assessee can be held to be liable for failing to make a provision for payment of advance tax which was not possible… Read More »