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| The Tax Publishers2020 TaxPub(DT) 1219 (Del-HC) INCOME TAX ACT, 1961
Section 234B
Issue with regard to the chargeability of interest under Section 234B in the case of non-resident was covered against the revenue by decision of this court in DIT v. Jacabs Civil Incorporated [2011] 330 ITR 578 (Delhi) : 2011 TaxPub(DT) 0435 (Del-HC) and DIT (International Taxation) v. GE Packaged Power Inc. [2015] 373 ITR 65 (Delhi) : 2015 TaxPub(DT) 0643 (Del-HC). Thus, no substantial question of law arises for consideration in this appeal.
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Interest under section 234B - Chargeability of interest u/s 234B in the case of non-resident - -
Assessee was executing World Bank finance projects. AO had inter alia found that there was short-payment of taxes inasmuch as the advance tax was not paid by assessee on due dates and therefore, AO was of the opinion that assessee had incurred interest liability under section 234B. AO added the liability of interest under section 234B. Held: Issue with regard to the chargeability of interest under Section 234B in the case of non-resident was covered against the revenue by decision of this court in DIT v. Jacabs Civil Incorporated [2011] 330 ITR 578 (Delhi) : 2011 TaxPub(DT) 0435 (Del-HC) and DIT (International Taxation) v. GE Packaged Power Inc. [2015] 373 ITR 65 (Delhi) : 2015 TaxPub(DT) 0643 (Del-HC). Thus, no substantial question of law arises for consideration in this appeal.
REFERRED : DIT v. GE Packaged Power Inc. & Ors. (2015) 373 ITR 65 (Delhi) : 2015 TaxPub(DT) 0643 (Del-HC) DIT v. Jacabs Civil Incorporated/Mitsubishi Corporation (2011) 330 ITR 578 (Delhi) : 2011 TaxPub(DT) 0435 (Del-HC)
FAVOUR : In assessee's favour
A.Y. :
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