https://www.taxtmi.com/caselaws?id=181054 The ITAT allowed the appeals for statistical purposes and upheld the decision regarding liability for interest expenditure, taxation of income in another individual's hands, and deletion of interest charged under sections 234A, 234B, and 234C of the Income Tax Act. The Tribunal emphasized following decisions of higher courts and previous Tribunal rulings in similar cases, setting aside certain issues for fresh adjudication and considering the levy of interest as mandatory based on relevant judgments. en-us Fri, 13 Sep 2013 00:00:00 +0530 Wed, 16 Nov 2016 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181054 The ITAT allowed the appeals for statistical purposes and upheld the decision regarding liability for interest expenditure, taxation of income in another individual's hands, and deletion of interest charged under sections 234A, 234B, and 234C of the Income Tax Act. The Tribunal emphasized following decisions of higher courts and previous Tribunal rulings in similar cases, setting aside certain issues for fresh adjudication and considering the levy of interest as mandatory based on relevant judgments. Case-Laws Income Tax Fri, 13 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181054