https://www.taxtmi.com/caselaws?id=196240 The Tribunal upheld the CIT(A)'s order in Revenue's appeal regarding interest on Post Dated Cheques, directing to recompute interest after six months. The Tribunal allowed the assessee's appeal against disallowance under section 40A(3), stating that the payment for land acquisition was not claimed as a deduction, hence section 40A(3) did not apply. The Revenue's appeal was dismissed, and the assessee's appeal was partly allowed, providing clarity on tax provisions and proper computation of interest and expenses. en-us Wed, 04 Mar 2015 00:00:00 +0530 Thu, 23 Nov 2017 11:28:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196240 The Tribunal upheld the CIT(A)'s order in Revenue's appeal regarding interest on Post Dated Cheques, directing to recompute interest after six months. The Tribunal allowed the assessee's appeal against disallowance under section 40A(3), stating that the payment for land acquisition was not claimed as a deduction, hence section 40A(3) did not apply. The Revenue's appeal was dismissed, and the assessee's appeal was partly allowed, providing clarity on tax provisions and proper computation of interest and expenses. Case-Laws Income Tax Wed, 04 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196240