https://www.taxtmi.com/caselaws?id=202663 The ITAT upheld the disallowance of gross interest received from banks for deduction under Section 80HHC, citing precedents. Regarding the levy of interest under Sections 234B and 234C, the ITAT remanded the matter for fresh consideration due to the absence of a cited Tribunal decision. An additional ground on interest under Section 234D was admitted despite technical deficiencies, emphasizing substantial justice. The matter was referred to a Third Member, who supported admitting the additional ground but deferred the decision on merits to the regular Bench. The appeal of the assessee was partly accepted for statistical purposes. en-us Fri, 18 Sep 2009 00:00:00 +0530 Wed, 12 Jun 2013 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202663 The ITAT upheld the disallowance of gross interest received from banks for deduction under Section 80HHC, citing precedents. Regarding the levy of interest under Sections 234B and 234C, the ITAT remanded the matter for fresh consideration due to the absence of a cited Tribunal decision. An additional ground on interest under Section 234D was admitted despite technical deficiencies, emphasizing substantial justice. The matter was referred to a Third Member, who supported admitting the additional ground but deferred the decision on merits to the regular Bench. The appeal of the assessee was partly accepted for statistical purposes. Case-Laws Income Tax Fri, 18 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202663