https://www.taxtmi.com/caselaws?id=370828 The tribunal ruled that Section 115JB did not apply to the assessee bank for the assessment years 2007-08 and 2009-10. The tribunal dismissed the Revenue's appeals on this issue, citing previous decisions and a ruling by the Delhi High Court. The computation of interest under Section 244A for AY 2007-08 was referred back to the AO for reevaluation based on earlier directions and legal precedents. The general grounds raised by the Revenue for both assessment years were dismissed. Ultimately, the appeal for AY 2007-08 was partly allowed, while the appeal for AY 2009-10 was dismissed. en-us Thu, 22 Nov 2018 00:00:00 +0530 Sat, 24 Nov 2018 07:26:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370828 The tribunal ruled that Section 115JB did not apply to the assessee bank for the assessment years 2007-08 and 2009-10. The tribunal dismissed the Revenue's appeals on this issue, citing previous decisions and a ruling by the Delhi High Court. The computation of interest under Section 244A for AY 2007-08 was referred back to the AO for reevaluation based on earlier directions and legal precedents. The general grounds raised by the Revenue for both assessment years were dismissed. Ultimately, the appeal for AY 2007-08 was partly allowed, while the appeal for AY 2009-10 was dismissed. Case-Laws Income Tax Thu, 22 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370828