https://www.taxtmi.com/caselaws?id=180568 The tribunal partly allowed the assessee's appeal, upholding the validity of proceedings under Section 153C of the Income Tax Act. It determined that the provisions of Section 2(22)(e) were not applicable, rejecting the levy of interest under Section 234B. The issue of computing the current year's profit was not discussed due to the inapplicability of Section 2(22)(e). en-us Fri, 12 Nov 2010 00:00:00 +0530 Tue, 29 Mar 2016 17:55:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180568 The tribunal partly allowed the assessee's appeal, upholding the validity of proceedings under Section 153C of the Income Tax Act. It determined that the provisions of Section 2(22)(e) were not applicable, rejecting the levy of interest under Section 234B. The issue of computing the current year's profit was not discussed due to the inapplicability of Section 2(22)(e). Case-Laws Income Tax Fri, 12 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180568