https://www.taxtmi.com/caselaws?id=62311 The Tribunal ruled in favor of the assessee on two issues: it disallowed the levy of interest under sections 234B and 234C when income is determined under section 115JA, and directed the deletion of arrears of depreciation adjustments in computing book profits. However, it upheld the levy of surcharge on tax computed under section 115JA, deciding this issue against the assessee. The revenue's appeal was dismissed. en-us Fri, 25 Aug 2006 00:00:00 +0530 Sat, 09 Mar 2024 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62311 The Tribunal ruled in favor of the assessee on two issues: it disallowed the levy of interest under sections 234B and 234C when income is determined under section 115JA, and directed the deletion of arrears of depreciation adjustments in computing book profits. However, it upheld the levy of surcharge on tax computed under section 115JA, deciding this issue against the assessee. The revenue's appeal was dismissed. Case-Laws Income Tax Fri, 25 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62311