https://www.taxtmi.com/caselaws?id=348772 The High Court allowed the Writ Petitions, set aside the orders rejecting waiver of interest under Section 234 (B) & (C) of the Income Tax Act for assessment years 2001-02 and 2002-03, and remanded the matters for fresh consideration due to subsequent developments. The Court emphasized the need for a fresh decision considering the impact on interest levied following any reduction in tax liability. The petitioner's contentions regarding advance tax provisions and computation of book-profits were not adequately addressed in the impugned orders, requiring reconsideration by the respondent. en-us Mon, 18 Sep 2017 00:00:00 +0530 Thu, 28 Sep 2017 07:23:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348772 The High Court allowed the Writ Petitions, set aside the orders rejecting waiver of interest under Section 234 (B) & (C) of the Income Tax Act for assessment years 2001-02 and 2002-03, and remanded the matters for fresh consideration due to subsequent developments. The Court emphasized the need for a fresh decision considering the impact on interest levied following any reduction in tax liability. The petitioner's contentions regarding advance tax provisions and computation of book-profits were not adequately addressed in the impugned orders, requiring reconsideration by the respondent. Case-Laws Income Tax Mon, 18 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348772