https://www.taxtmi.com/caselaws?id=249860 The ITAT partially allowed the assessee's appeal for statistical purposes regarding the disallowance of interest expenditure and depreciation expense for the assessment year 2007-08. The issue of book profit calculation under section 115JB was remanded for fresh adjudication. In a separate appeal by the Revenue, the ITAT allowed the appeal for statistical purposes concerning the chargeability of interest under sections 234A, 234B, and 234C of the IT Act, 1961. The decisions emphasized the need for proper consideration of legal provisions in determining tax liabilities. en-us Fri, 24 Jan 2014 00:00:00 +0530 Sun, 27 Jul 2014 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249860 The ITAT partially allowed the assessee's appeal for statistical purposes regarding the disallowance of interest expenditure and depreciation expense for the assessment year 2007-08. The issue of book profit calculation under section 115JB was remanded for fresh adjudication. In a separate appeal by the Revenue, the ITAT allowed the appeal for statistical purposes concerning the chargeability of interest under sections 234A, 234B, and 234C of the IT Act, 1961. The decisions emphasized the need for proper consideration of legal provisions in determining tax liabilities. Case-Laws Income Tax Fri, 24 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249860