https://www.taxtmi.com/caselaws?id=191971 The court partly allowed the appeal, remanding several issues back to the Assessing Officer for reevaluation. The court directed a re-computation of the deduction under section 80IC, with specific instructions regarding the inclusion and exclusion of various incomes and expenses related to the Haridwar Unit. Additionally, the court directed the Assessing Officer to address the issue of short credit for tax deducted at source and the levy of interest under section 234B. The initiation of penalty proceedings was dismissed as premature. The assessee was granted an opportunity to be heard before the reassessment. en-us Fri, 23 Sep 2016 00:00:00 +0530 Sat, 06 May 2017 07:27:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191971 The court partly allowed the appeal, remanding several issues back to the Assessing Officer for reevaluation. The court directed a re-computation of the deduction under section 80IC, with specific instructions regarding the inclusion and exclusion of various incomes and expenses related to the Haridwar Unit. Additionally, the court directed the Assessing Officer to address the issue of short credit for tax deducted at source and the levy of interest under section 234B. The initiation of penalty proceedings was dismissed as premature. The assessee was granted an opportunity to be heard before the reassessment. Case-Laws Income Tax Fri, 23 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191971