https://www.taxtmi.com/caselaws?id=183870 The Tribunal allowed the appeal, ruling in favor of the assessee by deleting the interest levied under sections 234B, 234C, and 201(1A) of the Income-tax Act, 1961. The Tribunal emphasized interpreting taxing provisions in favor of the assessee and noted conflicting views of different High Courts on the issue of deemed income under section 115J for interest levy purposes. The decision highlighted the necessity for the Assessing Officer to examine liabilities before levying interest under section 201(1A) for delayed tax deposits. en-us Fri, 29 Sep 2000 00:00:00 +0530 Thu, 23 Jun 2016 17:29:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183870 The Tribunal allowed the appeal, ruling in favor of the assessee by deleting the interest levied under sections 234B, 234C, and 201(1A) of the Income-tax Act, 1961. The Tribunal emphasized interpreting taxing provisions in favor of the assessee and noted conflicting views of different High Courts on the issue of deemed income under section 115J for interest levy purposes. The decision highlighted the necessity for the Assessing Officer to examine liabilities before levying interest under section 201(1A) for delayed tax deposits. Case-Laws Income Tax Fri, 29 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183870