https://www.taxtmi.com/caselaws?id=185298 The Tribunal directed the AO to refer the matter to the Chief Commissioner or Commissioner for a final decision on granting interest u/s 244A for Assessment Year 2006-07. For Assessment Years 2007-08 and 2008-09, the Tribunal restored the income estimation to 4% of total turnover, as declared by the assessee, rejecting higher estimations by the AO and CIT(A). The interest charged under sections 234A, 234B, and 234C was upheld as mandatory, with the AO directed to recalculate interest in accordance with the Tribunal's decision. Appeals for 2007-08 and 2008-09 were allowed, and the appeal for 2006-07 was allowed for statistical purposes. en-us Fri, 21 Dec 2012 00:00:00 +0530 Mon, 08 Aug 2016 15:23:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185298 The Tribunal directed the AO to refer the matter to the Chief Commissioner or Commissioner for a final decision on granting interest u/s 244A for Assessment Year 2006-07. For Assessment Years 2007-08 and 2008-09, the Tribunal restored the income estimation to 4% of total turnover, as declared by the assessee, rejecting higher estimations by the AO and CIT(A). The interest charged under sections 234A, 234B, and 234C was upheld as mandatory, with the AO directed to recalculate interest in accordance with the Tribunal's decision. Appeals for 2007-08 and 2008-09 were allowed, and the appeal for 2006-07 was allowed for statistical purposes. Case-Laws Income Tax Fri, 21 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185298