https://www.taxtmi.com/caselaws?id=388866 The Tribunal partly allowed the Assessee's appeal, addressing issues related to interest debited, expenses disallowed due to nonpayment of TDS, and the chargeability of interest u/s.234B/C. The Tribunal admitted the additional ground on interest u/s.234B/C, remitting it back to the Assessing Officer for verification. It upheld the disallowance of interest but directed to restrict it to 30% only. Similarly, the disallowance of expenses due to nonpayment of TDS was affirmed, with the restriction of disallowance set at 30% based on retrospective amendments. en-us Fri, 22 Nov 2019 00:00:00 +0530 Mon, 25 Nov 2019 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388866 The Tribunal partly allowed the Assessee's appeal, addressing issues related to interest debited, expenses disallowed due to nonpayment of TDS, and the chargeability of interest u/s.234B/C. The Tribunal admitted the additional ground on interest u/s.234B/C, remitting it back to the Assessing Officer for verification. It upheld the disallowance of interest but directed to restrict it to 30% only. Similarly, the disallowance of expenses due to nonpayment of TDS was affirmed, with the restriction of disallowance set at 30% based on retrospective amendments. Case-Laws Income Tax Fri, 22 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388866