https://www.taxtmi.com/caselaws?id=214881 The Tribunal dismissed both the assessee's and the Revenue's appeals and confirmed the partial addition of Rs. 20,94,308 under Section 41(1) while upholding the deletion of Rs. 15,64,054. It affirmed the mandatory nature of interest charges under Sections 234A, 234B, 234C, and 234D, and dismissed the premature ground concerning penalty proceedings under Section 271(1)(c). en-us Fri, 25 May 2012 00:00:00 +0530 Thu, 19 Jul 2012 05:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214881 The Tribunal dismissed both the assessee's and the Revenue's appeals and confirmed the partial addition of Rs. 20,94,308 under Section 41(1) while upholding the deletion of Rs. 15,64,054. It affirmed the mandatory nature of interest charges under Sections 234A, 234B, 234C, and 234D, and dismissed the premature ground concerning penalty proceedings under Section 271(1)(c). Case-Laws Income Tax Fri, 25 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214881