https://www.taxtmi.com/caselaws?id=294813 The ITAT partially allowed the appeals for AYs 2003-2004 and 2004-2005, condoning the delay in filing and setting aside certain issues for fresh adjudication by the CIT (A). The disallowance of interest expenditure and the charging of interest under sections 234A & 234B were referred back for reconsideration based on previous case law. The levy of penalty under section 271(1)(c) was also set aside for a decision in accordance with the law. The orders were pronounced on 18th December 2014. en-us Thu, 18 Dec 2014 00:00:00 +0530 Tue, 04 May 2021 19:43:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294813 The ITAT partially allowed the appeals for AYs 2003-2004 and 2004-2005, condoning the delay in filing and setting aside certain issues for fresh adjudication by the CIT (A). The disallowance of interest expenditure and the charging of interest under sections 234A & 234B were referred back for reconsideration based on previous case law. The levy of penalty under section 271(1)(c) was also set aside for a decision in accordance with the law. The orders were pronounced on 18th December 2014. Case-Laws Income Tax Thu, 18 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294813