https://www.taxtmi.com/caselaws?id=236451 The Tribunal upheld the reopening of assessment under section 147, classifying the capital asset as short-term, disallowing interest on loans, and levying interest under sections 234A, 234B, and 234C. The computation of book profit under section 115JB was deemed infructuous. The appeal was partly allowed, remanding the disallowance of interest on loans for fresh consideration. en-us Fri, 23 Aug 2013 00:00:00 +0530 Tue, 27 Aug 2013 09:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236451 The Tribunal upheld the reopening of assessment under section 147, classifying the capital asset as short-term, disallowing interest on loans, and levying interest under sections 234A, 234B, and 234C. The computation of book profit under section 115JB was deemed infructuous. The appeal was partly allowed, remanding the disallowance of interest on loans for fresh consideration. Case-Laws Income Tax Fri, 23 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236451