Supreme Court · 2002 INSC 545 · Decided 17 December 2002
Commissioner of Income Tax v. M/S. Hindustan Bulk Carriers
- Court
- Supreme Court of India
- Citation
- 2002 INSC 545 · [2002] SUPP. 5 S.C.R. 387
- Case number
- CIVIL APPEAL No. 7966/1996
- Decided
- 17 December 2002
- Bench
- M.B. SHAH, ARIJIT PASAYAT, D.M. DHARMADHIKARI (3-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- Constitution; Income Tax Act Section 2348, 234A, 234C
Headnote
B Income Tax Act, 196/: Sections 2(4), 142-144, 147, 208, 220, 234A, 234B, 234C, 245 C, 245D(4) and 245D(6): C Application disclosing undisclosed income-Default in payment of advance tax-Levy of interest-Period of levying of interest-Held, since assessee defaulted in payment of correct advance Act-Harmonizing various provision of the Act, vis-8'-vis legislative intent in introduction of Chapter XIX-A, the period for D which such interest could be levied starts from I st day of April following r~levant financial year up to the date of Order by Settlement Commission­ fnterpretation of
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