https://www.taxtmi.com/caselaws?id=279823 The appellate tribunal dismissed grounds 1 and 2 related to the adhoc disallowance of general expenditure. Regarding the levy of interest under sections 234A and 234B, the tribunal held that interest should only be imposed on the income declared in the return, following legal precedents. The assessing officer was directed to levy interest solely on the income returned by the assessee. As a result, the appeal was partially allowed, with the order pronounced on 28th February 2018. en-us Wed, 28 Feb 2018 00:00:00 +0530 Mon, 08 Apr 2019 00:39:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279823 The appellate tribunal dismissed grounds 1 and 2 related to the adhoc disallowance of general expenditure. Regarding the levy of interest under sections 234A and 234B, the tribunal held that interest should only be imposed on the income declared in the return, following legal precedents. The assessing officer was directed to levy interest solely on the income returned by the assessee. As a result, the appeal was partially allowed, with the order pronounced on 28th February 2018. Case-Laws Income Tax Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279823