https://www.taxtmi.com/caselaws?id=403532 The Tribunal allowed the appellant's appeal for statistical purposes, remanding the matter back to the Assessing Officer for computing income in line with sections 11 to 13 of the Income-tax Act, 1961. The Tribunal directed a reevaluation of the addition of surplus in infrastructure reserve funds as revenue receipts, emphasizing the need for compliance with the law and providing the appellant with a fair hearing. The issue of charging interest under section 234B was deemed inconsequential and dismissed. en-us Wed, 23 Dec 2020 00:00:00 +0530 Sat, 30 Jan 2021 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403532 The Tribunal allowed the appellant's appeal for statistical purposes, remanding the matter back to the Assessing Officer for computing income in line with sections 11 to 13 of the Income-tax Act, 1961. The Tribunal directed a reevaluation of the addition of surplus in infrastructure reserve funds as revenue receipts, emphasizing the need for compliance with the law and providing the appellant with a fair hearing. The issue of charging interest under section 234B was deemed inconsequential and dismissed. Case-Laws Income Tax Wed, 23 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403532