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1 result for “disallowance”+ Section 234B(3)clear

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Key Topics

Section 2342Section 234B2

THE COMMISSIONER OF INCOME TAX HYD vs. M/S SOUTHERN PLANT AIDS P LTD

The appeal is disposed of answering the question in

ITTA/115/2001HC Telangana03 Dec 2013

Bench: CHALLA KODANDA RAM,G.CHANDRAIAH

Section 234Section 234BSection 260Section 37(1)

3) The issue involved in the appeal is with respect to the levy of interest under Section 234B of the Act. The Tribunal, in view of its decision in I.T.A.No.220/Hyd/95, against which I.T.T.A.No.59 of 2001 was filed, which was allowed setting aside the deletion of the secret commissions paid to the Government employees and others had cancelled