https://www.taxtmi.com/caselaws?id=410104 The ITAT dismissed the revenue's appeal regarding the interest under Section 244A and upheld the CIT(A)'s decision to allow interest for the full period. The ITAT remitted the issue of calculating and setting off brought forward business losses and unabsorbed depreciation under Section 115JB back to the AO for verification, directing the AO to allow the claim if the figures were found correct. The appeals by the assessee were allowed for statistical purposes. en-us Thu, 22 Jul 2021 00:00:00 +0530 Sat, 24 Jul 2021 09:14:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410104 The ITAT dismissed the revenue's appeal regarding the interest under Section 244A and upheld the CIT(A)'s decision to allow interest for the full period. The ITAT remitted the issue of calculating and setting off brought forward business losses and unabsorbed depreciation under Section 115JB back to the AO for verification, directing the AO to allow the claim if the figures were found correct. The appeals by the assessee were allowed for statistical purposes. Case-Laws Income Tax Thu, 22 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410104