https://www.taxtmi.com/caselaws?id=346364 The High Court condoned a 30-day delay in re-filing the appeal and swiftly disposed of the matter. It found that the Principal Commissioner of Income Tax's exercise of power under Section 263 was not justified. The Assessee's tax credit claim for dividend income was deemed warranted, and the capitalization of interest under Section 36(1)(iii) was supported by sufficient evidence. The Court dismissed the appeal, emphasizing the importance of adherence to legal provisions and thorough examination in tax matters. en-us Wed, 02 Aug 2017 00:00:00 +0530 Thu, 10 Aug 2017 06:41:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346364 The High Court condoned a 30-day delay in re-filing the appeal and swiftly disposed of the matter. It found that the Principal Commissioner of Income Tax's exercise of power under Section 263 was not justified. The Assessee's tax credit claim for dividend income was deemed warranted, and the capitalization of interest under Section 36(1)(iii) was supported by sufficient evidence. The Court dismissed the appeal, emphasizing the importance of adherence to legal provisions and thorough examination in tax matters. Case-Laws Income Tax Wed, 02 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346364