https://www.taxtmi.com/caselaws?id=290045 The Tribunal partly allowed the appeal filed by the assessee company for statistical purposes. The delay in filing the appeal was condoned, allowing adjudication on merits. The issue of disallowance of interest expenditure was set aside for fresh consideration in line with previous Tribunal orders. The calculation of book profit under section 115JB was linked to the interest expenditure issue and ordered accordingly. The Tribunal upheld the levy of interest under sections 234A, 234B, and 234C, directing the assessing officer to calculate interest after adjusting tax deducted at source. en-us Mon, 08 Feb 2016 00:00:00 +0530 Sat, 05 Sep 2020 22:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290045 The Tribunal partly allowed the appeal filed by the assessee company for statistical purposes. The delay in filing the appeal was condoned, allowing adjudication on merits. The issue of disallowance of interest expenditure was set aside for fresh consideration in line with previous Tribunal orders. The calculation of book profit under section 115JB was linked to the interest expenditure issue and ordered accordingly. The Tribunal upheld the levy of interest under sections 234A, 234B, and 234C, directing the assessing officer to calculate interest after adjusting tax deducted at source. Case-Laws Income Tax Mon, 08 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290045