https://www.taxtmi.com/caselaws?id=76530 The court upheld the assessment procedure and ruled in favor of the Revenue for the first four issues. However, concerning the interest levy under sections 234A and 234B, the court sided with the appellant, finding it unjustified given the circumstances. The appeal was partially allowed, specifically regarding the interest levy. en-us Wed, 08 Jul 2009 00:00:00 +0530 Thu, 01 Jul 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76530 The court upheld the assessment procedure and ruled in favor of the Revenue for the first four issues. However, concerning the interest levy under sections 234A and 234B, the court sided with the appellant, finding it unjustified given the circumstances. The appeal was partially allowed, specifically regarding the interest levy. Case-Laws Income Tax Wed, 08 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76530