https://www.taxtmi.com/caselaws?id=787767 Levy of interest under section 234C and an addition for a GST refund reported as not credited to profit and loss were held to raise factual and computation issues requiring verification. The Tribunal recognised that centralised processing can make adjustments apparent from the tax-audit report but found the record lacked the detailed 234C computation and supporting ledger, refund orders and accounting entries for the GST item. Both issues are remitted to the jurisdictional assessing officer for verification of interest computation and accounting treatment and for fresh decision in accordance with law; appeals allowed for statistical purposes. en-us Wed, 26 Nov 2025 00:00:00 +0530 Thu, 12 Mar 2026 08:33:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787767 Levy of interest under section 234C and an addition for a GST refund reported as not credited to profit and loss were held to raise factual and computation issues requiring verification. The Tribunal recognised that centralised processing can make adjustments apparent from the tax-audit report but found the record lacked the detailed 234C computation and supporting ledger, refund orders and accounting entries for the GST item. Both issues are remitted to the jurisdictional assessing officer for verification of interest computation and accounting treatment and for fresh decision in accordance with law; appeals allowed for statistical purposes. Case-Laws Income Tax Wed, 26 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787767