https://www.taxtmi.com/caselaws?id=290057 Delay in filing the appeals was condoned because the affidavits showed that the steps for filing depended on release by the Custodian and the appeals were filed promptly once the challan counterfoil was received. The disallowance of interest expenditure, and the consequential computation of book profit under section 115JB, was set aside for fresh adjudication because the issue of whether the liability was ascertained required reconsideration by the first appellate authority. Interest under sections 234A, 234B and 234C was held chargeable to a notified person under the Special Court Act, but the working of that interest was remitted for recalculation after giving credit for tax deducted at source on the assessed income. en-us Fri, 15 Jan 2016 00:00:00 +0530 Thu, 14 Nov 2024 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290057 Delay in filing the appeals was condoned because the affidavits showed that the steps for filing depended on release by the Custodian and the appeals were filed promptly once the challan counterfoil was received. The disallowance of interest expenditure, and the consequential computation of book profit under section 115JB, was set aside for fresh adjudication because the issue of whether the liability was ascertained required reconsideration by the first appellate authority. Interest under sections 234A, 234B and 234C was held chargeable to a notified person under the Special Court Act, but the working of that interest was remitted for recalculation after giving credit for tax deducted at source on the assessed income. Case-Laws Income Tax Fri, 15 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290057