Supreme Court · 2011 INSC 18 · Decided 7 January 2011
JT. C. I. T., Mumbai v. M/S Rolta India LTD.
- Court
- Supreme Court of India
- Citation
- 2011 INSC 18 · [2011] 1 S.C.R. 146
- Case number
- CIVIL APPEAL No. 135/2011
- Decided
- 7 January 2011
- Bench
- S.H. KAPADIA, K.S. RADHAKRISHNAN, SWATANTER KUMAR (3-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 115JA, 115JB, 2348, 143(3), 115J
Headnote
Income TAX ACT, 1961: ss. 115JA/115JB and 2348!234C - MAT Companies - Interest on tax calculated on book profits - HELD: Interest u/ ss 2348 and 234C shall be payable on failure to pay advance tax in respect of tax payable u/ss 115JA/115JB - Circular No. 0 1312001 by CBDT. The assessee in C.A. No. 135 of 2011 furnished a return of income on 28.11.1997 declaring total income as Nil. On 28.3.2000, an order u/s 143(3) of the Income Tax Act, 1961 was passed determining the total income as nil E after set off of unabsorbed business loss and depreciation. The tax
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