MAT Companies are liable to pay interest under sections 234B and 234C for default in payment of advance tax

Sections 234B and 234C of the Income-tax Act, 1961 - Interest, chargeable as (MAT Company) - Assessment year 2001-02 - Whether interest under sections 234B and 234C would also be payable on failure to pay advance tax in respect of tax payable by MAT companies under section 115JA/115JB - Held, yes [Para 4] [In favour of revenue]

Refer:[2014] 45 taxmann.com 232 (Allahabad)

HIGH COURT OF ALLAHABAD

Ginni Filaments Ltd.
v.
Commissioner of Income-tax, Agra