https://www.taxtmi.com/caselaws?id=123008 The Tribunal partly allowed the appeals for statistical purposes, remanding the issue of deduction under section 80-IB(10) to the Assessing Officer for re-examination. The Tribunal dismissed the grounds related to penalty proceedings under section 271(1)(c) and the levy of interest under sections 234A, 234B, and 234C, affirming the mandatory nature of interest levy. The Assessing Officer was directed to allow consequential relief in accordance with the Tribunal's directions. en-us Fri, 27 Aug 2010 00:00:00 +0530 Tue, 28 Aug 2012 11:10:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123008 The Tribunal partly allowed the appeals for statistical purposes, remanding the issue of deduction under section 80-IB(10) to the Assessing Officer for re-examination. The Tribunal dismissed the grounds related to penalty proceedings under section 271(1)(c) and the levy of interest under sections 234A, 234B, and 234C, affirming the mandatory nature of interest levy. The Assessing Officer was directed to allow consequential relief in accordance with the Tribunal's directions. Case-Laws Income Tax Fri, 27 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123008