https://www.taxtmi.com/caselaws?id=397073 The tribunal partly allowed the Cross Objection, directing an ad-hoc disallowance at 1% of the exempt income for both administrative expenses and book profit adjustments under Section 115JB. The issue of interest levy under Sections 234B, 234C, and 234D was deemed consequential and not specifically addressed. en-us Thu, 30 Jul 2020 00:00:00 +0530 Sat, 01 Aug 2020 13:25:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397073 The tribunal partly allowed the Cross Objection, directing an ad-hoc disallowance at 1% of the exempt income for both administrative expenses and book profit adjustments under Section 115JB. The issue of interest levy under Sections 234B, 234C, and 234D was deemed consequential and not specifically addressed. Case-Laws Income Tax Thu, 30 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397073