https://www.taxtmi.com/caselaws?id=313132 ITAT Mumbai restored liability towards interest expenditure claimed by appellant to AO file, following previous tribunal decisions in assessee's own case for multiple assessment years. MAT calculation under section 115JB was allowed for statistical purposes with direction to decide afresh after determining interest claim. Interest charges under sections 234A, 234B and 234C were allowed for statistical purposes, with AO directed to recompute interest liability after reducing TDS amount, as interest levy is mandatory and consequential based on case facts. en-us Mon, 02 Feb 2015 00:00:00 +0530 Wed, 27 Mar 2024 18:11:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313132 ITAT Mumbai restored liability towards interest expenditure claimed by appellant to AO file, following previous tribunal decisions in assessee's own case for multiple assessment years. MAT calculation under section 115JB was allowed for statistical purposes with direction to decide afresh after determining interest claim. Interest charges under sections 234A, 234B and 234C were allowed for statistical purposes, with AO directed to recompute interest liability after reducing TDS amount, as interest levy is mandatory and consequential based on case facts. Case-Laws Income Tax Mon, 02 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313132