https://www.taxtmi.com/caselaws?id=258922 The Tribunal partly allowed the appeal, remanding several issues back to the AO/TPO for fresh consideration and examination, while dismissing some grounds as infructuous or not maintainable. The Stay Petition was dismissed as infructuous. The Tribunal upheld the levy of interest under Sections 234B and 234D but directed the AO to recompute the interest. The initiation of penalty proceedings under Section 271(1)(c) was dismissed as not maintainable due to no penalty being levied. The claim for depreciation on networking equipment and goodwill arising from a slump sale agreement were remanded for fresh examination. en-us Thu, 05 Mar 2015 00:00:00 +0530 Mon, 17 Aug 2015 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258922 The Tribunal partly allowed the appeal, remanding several issues back to the AO/TPO for fresh consideration and examination, while dismissing some grounds as infructuous or not maintainable. The Stay Petition was dismissed as infructuous. The Tribunal upheld the levy of interest under Sections 234B and 234D but directed the AO to recompute the interest. The initiation of penalty proceedings under Section 271(1)(c) was dismissed as not maintainable due to no penalty being levied. The claim for depreciation on networking equipment and goodwill arising from a slump sale agreement were remanded for fresh examination. Case-Laws Income Tax Thu, 05 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258922