https://www.taxtmi.com/caselaws?id=55798 The Tribunal partly allowed the appeal, directing the deletion of the addition of Rs. 19,00,500 as alleged profit from shares allotted in a public issue. However, it upheld the addition of Rs. 2,92,274 as interest on term deposits. The objections concerning interest under sections 234A, 234B, and 234C, as well as the initiation of penalty proceedings under section 271(1)(c), were dismissed. en-us Fri, 13 Aug 1999 00:00:00 +0530 Tue, 30 Nov 2010 11:42:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55798 The Tribunal partly allowed the appeal, directing the deletion of the addition of Rs. 19,00,500 as alleged profit from shares allotted in a public issue. However, it upheld the addition of Rs. 2,92,274 as interest on term deposits. The objections concerning interest under sections 234A, 234B, and 234C, as well as the initiation of penalty proceedings under section 271(1)(c), were dismissed. Case-Laws Income Tax Fri, 13 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55798