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2016 (2) TMI 1286 - AT - Income TaxDisallowance of interest expenditure - HELD THAT:- We set aside the issue to the file of the CIT(A) , who is directed to adjudicate the matter afresh in accordance with law and in the lines indicated in the aforementioned orders of the Tribunal. Needless to say that the assessee company shall be granted a reasonable opportunity of being heard by the CIT(A). MAT - calculating of book profit u/s 115JB - HELD THAT:- We have observed that this ground relating to the calculating of book profit u/s 115JB is consequential to our decision in the ground no 4 raised by the assessee company, which we have adjudicated in preceding para’s of this order. Levy of interest u/s 234A, 234B and 234C - HELD THAT:- Restore the issue back to the file of learned assessing officer who would levy interest as per provisions of Section 234 of the Act and give credit for the TDS amount.
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