https://www.taxtmi.com/caselaws?id=313109 The Tribunal partially allowed the appeal for statistical purposes. It remanded issues concerning the assessment of income from attached assets and relief for interest expenditure to the First Appellate Authority for fresh adjudication, granting the appellant an opportunity to present evidence. The Tribunal also directed the Assessing Officer to recalculate interest under sections 234A, 234B, and 234C, considering tax deductible at source. The issue of book profit calculation under Section 115JB was allowed, pending the outcome of the interest expenditure claim. Various grounds were dismissed as not pressed during the proceedings. en-us Tue, 07 Oct 2014 00:00:00 +0530 Tue, 26 Mar 2024 19:05:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313109 The Tribunal partially allowed the appeal for statistical purposes. It remanded issues concerning the assessment of income from attached assets and relief for interest expenditure to the First Appellate Authority for fresh adjudication, granting the appellant an opportunity to present evidence. The Tribunal also directed the Assessing Officer to recalculate interest under sections 234A, 234B, and 234C, considering tax deductible at source. The issue of book profit calculation under Section 115JB was allowed, pending the outcome of the interest expenditure claim. Various grounds were dismissed as not pressed during the proceedings. Case-Laws Income Tax Tue, 07 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313109