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2017 (9) TMI 1788 - AT - Income TaxDisallowance of interest expenditure while computing income under normal provisions of the Act - assessee is also contesting the book profit computed u/s 115JB of the Act - HELD THAT:- The assessee is one of the notified entities coming under Harshad Mehta group against whom stock scam charges are pending. With regard to above said issue relating to rejection of interest claim these issues are being set aside by the Tribunal to the file of ld. CIT(A) for fresh adjudication in all other group cases belonging to Harshad Mehta. See FORTUNE HOLDINGS PVT. LTD. VERSUS DY. COMMISSIONER OF INCOME TAX, ASSTT. COMMISSIONER OF INCOME-TAX-CC-31, MUMBAI [2015 (8) TMI 1353 - ITAT MUMBAI]. Charging of interest u/s 234A, 234B and 234C - Held that:- Set aside the matter of computation of interest u/s 234A, 234B and 234C of the Act to the file of the assessing officer with similar directions
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