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TMI Blog2014 (4) TMI 279X X X X Extracts X X X X X X X X Extracts X X X X ..... t - no interim order of any nature is granted – thus, the order of the Tribunal is upheld – Decided against Assessee. Levy of interest us 234C of the Act – Held that:- The decision in Joint CIT v. Rolta India Ltd. [2011 (1) TMI 5 - SUPREME COURT OF INDIA] followed - Interest can be charged on the tax calculated on book profit under section 115JA(1). Income from other sources – Disallowance o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n dispute that the appellant-assessee is a company engaged in hotel business in different units at Kumarakam, Cochin and Bangaram Islands. The assessment year in question is 1997-98. Before the Assessing Officer several deductions were claimed. The controversy before us only pertains to Rs. 1,95,243 as income from other sources, deductions alleged to have been wrongly worked out under section 80HH ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the appeal is of the year 2010. Therefore, there is no irregularity or illegality so far as the Tribunal placing reliance on the earlier decision of this court. 3. Then coming to the levy of interest under section 234C, in the latest decision of the apex court in Joint CIT v. Rolta India Ltd. [2011] 330 ITR 470 (SC), the controversy is concluded opining that interest can be charged on the tax c ..... X X X X Extracts X X X X X X X X Extracts X X X X
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