https://www.taxtmi.com/caselaws?id=412412 The appeals were partly allowed by the Tribunal. The delays in filing appeals were condoned due to valid reasons, and the cases were taken up for adjudication on merits. The issue of interest earned on unutilized funds was remitted back to the Assessing Officer for examination, with directions to tax the income in the year it is eligible for use. The disallowance of interest on late payment of TDS and the restriction of TDS credit were upheld by the Tribunal, dismissing the grounds of appeal in those regards. en-us Tue, 07 Sep 2021 00:00:00 +0530 Fri, 17 Sep 2021 09:21:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412412 The appeals were partly allowed by the Tribunal. The delays in filing appeals were condoned due to valid reasons, and the cases were taken up for adjudication on merits. The issue of interest earned on unutilized funds was remitted back to the Assessing Officer for examination, with directions to tax the income in the year it is eligible for use. The disallowance of interest on late payment of TDS and the restriction of TDS credit were upheld by the Tribunal, dismissing the grounds of appeal in those regards. Case-Laws Income Tax Tue, 07 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412412