https://www.taxtmi.com/caselaws?id=409247 The Revenue's appeal challenging the deletion of additions on account of interest on post-dated cheques (PDCs) paid outside the books of account and additional payments violating the Stamp Duty Act was dismissed by the Tribunal. The Tribunal upheld the CIT(A)'s decisions, directing the Assessing Officer to compute interest on PDCs after six months from the sale date and confirming that the additional payment for land purchases was not in violation of the Stamp Duty Act. The Tribunal found previous Tribunal orders in favor of the assessee and dismissed the Revenue's appeal in its entirety. en-us Wed, 30 Jun 2021 00:00:00 +0530 Fri, 02 Jul 2021 09:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409247 The Revenue's appeal challenging the deletion of additions on account of interest on post-dated cheques (PDCs) paid outside the books of account and additional payments violating the Stamp Duty Act was dismissed by the Tribunal. The Tribunal upheld the CIT(A)'s decisions, directing the Assessing Officer to compute interest on PDCs after six months from the sale date and confirming that the additional payment for land purchases was not in violation of the Stamp Duty Act. The Tribunal found previous Tribunal orders in favor of the assessee and dismissed the Revenue's appeal in its entirety. Case-Laws Income Tax Wed, 30 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409247