https://www.taxtmi.com/caselaws?id=254630 Income retained in the accounts and funds of a statutory Pollution Control Board was treated as its own income, not the income of the State, so Article 289 immunity from Union taxation did not apply. Approval under section 10(23C)(iv) was to follow the status of the pending writ challenge before the High Court. The assessment was remitted for factual verification of the correct receipt figure and recomputation after hearing the assessee. Interest under sections 234A and 234B was treated as mandatory and was sustained. en-us Fri, 19 Dec 2014 00:00:00 +0530 Sat, 27 Dec 2014 07:49:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254630 Income retained in the accounts and funds of a statutory Pollution Control Board was treated as its own income, not the income of the State, so Article 289 immunity from Union taxation did not apply. Approval under section 10(23C)(iv) was to follow the status of the pending writ challenge before the High Court. The assessment was remitted for factual verification of the correct receipt figure and recomputation after hearing the assessee. Interest under sections 234A and 234B was treated as mandatory and was sustained. Case-Laws Income Tax Fri, 19 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254630