https://www.taxtmi.com/caselaws?id=415633 The Tribunal upheld the Commissioner of Income Tax (Appeals) decisions regarding the levy of interest u/s. 220(2) and disallowance of prior period expenses in an appeal by the Revenue for the assessment year 2004-05. The Tribunal ruled that interest could only be charged after the service of demand notice following a fresh assessment order, not from the original assessment order. Additionally, the expenses in question were deemed admissible deductions as they were incurred for business purposes. The Revenue's appeal was dismissed, and the judgment was pronounced on November 10, 2021. en-us Wed, 10 Nov 2021 00:00:00 +0530 Fri, 10 Dec 2021 08:36:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415633 The Tribunal upheld the Commissioner of Income Tax (Appeals) decisions regarding the levy of interest u/s. 220(2) and disallowance of prior period expenses in an appeal by the Revenue for the assessment year 2004-05. The Tribunal ruled that interest could only be charged after the service of demand notice following a fresh assessment order, not from the original assessment order. Additionally, the expenses in question were deemed admissible deductions as they were incurred for business purposes. The Revenue's appeal was dismissed, and the judgment was pronounced on November 10, 2021. Case-Laws Income Tax Wed, 10 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415633