https://www.taxtmi.com/caselaws?id=188582 The Tribunal partially allowed the appeal regarding the adhoc disallowance of financial charges under section 40A(2)(b) of the Act for statistical purposes only. The interest levy under section 234B of the Act was upheld as consequential, and the objection to penalty initiation under section 271(1)(c) of the Act was rejected. en-us Thu, 09 Jan 2014 00:00:00 +0530 Wed, 07 Dec 2016 11:09:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188582 The Tribunal partially allowed the appeal regarding the adhoc disallowance of financial charges under section 40A(2)(b) of the Act for statistical purposes only. The interest levy under section 234B of the Act was upheld as consequential, and the objection to penalty initiation under section 271(1)(c) of the Act was rejected. Case-Laws Income Tax Thu, 09 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188582