https://www.taxtmi.com/caselaws?id=181616 The High Court of Bombay dismissed the appeal regarding the computation of interest liability under Section 234B of the Income Tax Act, 1961. The Tribunal's decision to consider tax credit for taxes paid abroad as per the amended law was upheld, applying retrospectively to benefit assessees and avoid hardship. The appeal was dismissed with no costs. en-us Tue, 11 Jan 2011 00:00:00 +0530 Wed, 20 Apr 2016 17:50:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181616 The High Court of Bombay dismissed the appeal regarding the computation of interest liability under Section 234B of the Income Tax Act, 1961. The Tribunal's decision to consider tax credit for taxes paid abroad as per the amended law was upheld, applying retrospectively to benefit assessees and avoid hardship. The appeal was dismissed with no costs. Case-Laws Income Tax Tue, 11 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181616