https://www.taxtmi.com/caselaws?id=245398 The Tribunal allowed the assessee's claim under section 10B of the IT Act and directed the Assessing Officer to permit netting of interest, granting set off of interest earned against interest paid. The Assessing Officer partially accepted the assessee's case, leading to a directive for the jurisdictional Commissioner of Income Tax to further examine and decide on the netting of interest within a specified timeframe. If the assessee's claims were substantiated, netting of interest would be approved. The case was disposed of with instructions for the Commissioner to review and decide accordingly. en-us Thu, 02 Jan 2014 00:00:00 +0530 Fri, 28 Mar 2014 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245398 The Tribunal allowed the assessee's claim under section 10B of the IT Act and directed the Assessing Officer to permit netting of interest, granting set off of interest earned against interest paid. The Assessing Officer partially accepted the assessee's case, leading to a directive for the jurisdictional Commissioner of Income Tax to further examine and decide on the netting of interest within a specified timeframe. If the assessee's claims were substantiated, netting of interest would be approved. The case was disposed of with instructions for the Commissioner to review and decide accordingly. Case-Laws Income Tax Thu, 02 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245398