https://www.taxtmi.com/caselaws?id=239008 The ITAT partly allowed the appeal, determining that the business was set up during the year, thus allowing the administrative and other expenses. The issue of taxing interest income was set aside for the AO to re-examine in light of the business setup. The appeal ground concerning interest under sections 234B and 234C was dismissed as consequential. en-us Thu, 31 Jan 2013 00:00:00 +0530 Sun, 03 Nov 2013 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239008 The ITAT partly allowed the appeal, determining that the business was set up during the year, thus allowing the administrative and other expenses. The issue of taxing interest income was set aside for the AO to re-examine in light of the business setup. The appeal ground concerning interest under sections 234B and 234C was dismissed as consequential. Case-Laws Income Tax Thu, 31 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239008