https://www.taxtmi.com/caselaws?id=281553 The Tribunal partly allowed the appeal, ruling in favor of the assessee regarding entitlement to interest on the outstanding refund, including interest on the refund itself. The Tribunal held that the assessee is entitled to interest on the unpaid interest as per relevant judgments. However, the Tribunal sided with the Revenue on the computation of book profits under Section 115JB, agreeing to include provisions for diminution in the value of investments and Non-Performing Assets. The Assessing Officer was directed to verify and grant the refund accordingly. en-us Fri, 28 Sep 2018 00:00:00 +0530 Mon, 24 Jun 2019 20:04:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281553 The Tribunal partly allowed the appeal, ruling in favor of the assessee regarding entitlement to interest on the outstanding refund, including interest on the refund itself. The Tribunal held that the assessee is entitled to interest on the unpaid interest as per relevant judgments. However, the Tribunal sided with the Revenue on the computation of book profits under Section 115JB, agreeing to include provisions for diminution in the value of investments and Non-Performing Assets. The Assessing Officer was directed to verify and grant the refund accordingly. Case-Laws Income Tax Fri, 28 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281553