https://www.taxtmi.com/caselaws?id=290974 The Tribunal decided in favor of the assessee on the disallowance of interest on disputed Government duty. The Tribunal directed the Assessing Officer to allow the claim of the assessee in this regard. Additionally, the Tribunal upheld the decision of the CIT(A) on the disallowance under 'Electricity Duty' & water Charges. The Tribunal also directed the AO to treat the income as capital gains and not as business income. The Tribunal allowed the appeal on the levy of interest under sections 234A, 234B, 234C, and 234D of the Act. en-us Fri, 27 Apr 2018 00:00:00 +0530 Fri, 23 Oct 2020 14:07:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290974 The Tribunal decided in favor of the assessee on the disallowance of interest on disputed Government duty. The Tribunal directed the Assessing Officer to allow the claim of the assessee in this regard. Additionally, the Tribunal upheld the decision of the CIT(A) on the disallowance under 'Electricity Duty' & water Charges. The Tribunal also directed the AO to treat the income as capital gains and not as business income. The Tribunal allowed the appeal on the levy of interest under sections 234A, 234B, 234C, and 234D of the Act. Case-Laws Income Tax Fri, 27 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290974