Payment of Interest u/s 234B not Necessary when Certain Income Qualified for Deduction: ITAT [Read Order]

Payment of Interest - Income Qualified for Deduction - Interest - Payment - ITAT - taxscan

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the payment of interest under Section 234B of the Income Tax Act 1961 was not necessary when certain income qualified for deduction. Keshave Saxena, on behalf of the revenue contended that the issues raised in this appeal had already been decided by the…

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