https://www.taxtmi.com/caselaws?id=271753 The tribunal held that Section 115JB is not applicable to the assessee corporation established under the Damodar Valley Corporation Act, 1948. Disallowance under Section 14A was deemed unjustified, and interest under Section 234C was not chargeable for a delay in advance tax payment. The appeals for the assessment years 2008-09 and 2009-10 were allowed in favor of the assessee. en-us Wed, 13 Jan 2016 00:00:00 +0530 Tue, 16 Feb 2016 06:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271753 The tribunal held that Section 115JB is not applicable to the assessee corporation established under the Damodar Valley Corporation Act, 1948. Disallowance under Section 14A was deemed unjustified, and interest under Section 234C was not chargeable for a delay in advance tax payment. The appeals for the assessment years 2008-09 and 2009-10 were allowed in favor of the assessee. Case-Laws Income Tax Wed, 13 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271753