https://www.taxtmi.com/caselaws?id=425397 The Tribunal partly allowed both appeals, directing the Assessing Officer to delete the additions of interest on capital and share of profit as they were already disclosed in the return of income. The Tribunal highlighted the incorrectness of taxing the interest under u/s.115BBE and emphasized the impermissibility of double taxation. en-us Wed, 20 Jul 2022 00:00:00 +0530 Fri, 22 Jul 2022 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425397 The Tribunal partly allowed both appeals, directing the Assessing Officer to delete the additions of interest on capital and share of profit as they were already disclosed in the return of income. The Tribunal highlighted the incorrectness of taxing the interest under u/s.115BBE and emphasized the impermissibility of double taxation. Case-Laws Income Tax Wed, 20 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425397