https://www.taxtmi.com/caselaws?id=428290 The Tribunal ruled in ITA No.2332/Bang/2019 that notional premium receivable on preference shares cannot be taxed annually on an accrual basis, disagreeing with the Revenue's stance. In ITA No.2550/Bang/2019, the Tribunal disallowed the deduction of interest on delayed TDS remittance based on the decision in CIT Vs. Chennai Properties and Investments Ltd. Additionally, the Tribunal remanded the issue of sundry creditors/trade payables to the AO for fresh consideration due to procedural irregularities by the CIT(A). en-us Mon, 19 Sep 2022 00:00:00 +0530 Wed, 13 May 2026 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428290 The Tribunal ruled in ITA No.2332/Bang/2019 that notional premium receivable on preference shares cannot be taxed annually on an accrual basis, disagreeing with the Revenue's stance. In ITA No.2550/Bang/2019, the Tribunal disallowed the deduction of interest on delayed TDS remittance based on the decision in CIT Vs. Chennai Properties and Investments Ltd. Additionally, the Tribunal remanded the issue of sundry creditors/trade payables to the AO for fresh consideration due to procedural irregularities by the CIT(A). Case-Laws Income Tax Mon, 19 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428290