https://www.taxtmi.com/caselaws?id=427459 The Tribunal remitted the case back to the Assessing Officer to verify the reversal of the provision made and the liability to pay interest on Compulsory Convertible Debentures in subsequent periods. The decision was based on the scenario where no payment was required against the provision, leading to no liability for Tax Deducted at Source deduction. The appeal was allowed for statistical purposes, emphasizing the importance of factual substantiation and proper assessment procedures. en-us Thu, 18 Aug 2022 00:00:00 +0530 Fri, 09 Sep 2022 09:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427459 The Tribunal remitted the case back to the Assessing Officer to verify the reversal of the provision made and the liability to pay interest on Compulsory Convertible Debentures in subsequent periods. The decision was based on the scenario where no payment was required against the provision, leading to no liability for Tax Deducted at Source deduction. The appeal was allowed for statistical purposes, emphasizing the importance of factual substantiation and proper assessment procedures. Case-Laws Income Tax Thu, 18 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427459