https://www.taxtmi.com/caselaws?id=245354 The Tribunal partly allowed the assessee's appeal for statistical purposes, directing fresh adjudication by the CIT(A) on the deduction claim for interest expenditure. The Tribunal also partly allowed the Revenue's appeal, restoring the interest issue to the AO for recomputation, emphasizing the mandatory levy of interest under sections 234A, 234B, and 234C for notified persons. The decisions were based on legal precedents and directions for comprehensive resolution of the disputes, resulting in both appeals being partly allowed for statistical purposes. en-us Thu, 06 Mar 2014 00:00:00 +0530 Thu, 27 Mar 2014 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245354 The Tribunal partly allowed the assessee's appeal for statistical purposes, directing fresh adjudication by the CIT(A) on the deduction claim for interest expenditure. The Tribunal also partly allowed the Revenue's appeal, restoring the interest issue to the AO for recomputation, emphasizing the mandatory levy of interest under sections 234A, 234B, and 234C for notified persons. The decisions were based on legal precedents and directions for comprehensive resolution of the disputes, resulting in both appeals being partly allowed for statistical purposes. Case-Laws Income Tax Thu, 06 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245354