https://www.taxtmi.com/caselaws?id=117798 The Tribunal directed the firm to be assessed as such for the entire financial year, disregarding the license terms, and allowed interest and remuneration payable to partners. The Tribunal also directed the Assessing Officer to delete the addition of unaccounted purchases as undisclosed expenditure. Charges of interest under sections 234A, 234B, and 234C were found to be consequential and dismissed. The Tribunal upheld the deletion of the disallowance of outstanding kist payment under section 43B, resulting in the partial allowance of the assessee's appeal and dismissal of the revenue's appeal. en-us Tue, 30 Nov 2004 00:00:00 +0530 Tue, 26 Jun 2012 16:12:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117798 The Tribunal directed the firm to be assessed as such for the entire financial year, disregarding the license terms, and allowed interest and remuneration payable to partners. The Tribunal also directed the Assessing Officer to delete the addition of unaccounted purchases as undisclosed expenditure. Charges of interest under sections 234A, 234B, and 234C were found to be consequential and dismissed. The Tribunal upheld the deletion of the disallowance of outstanding kist payment under section 43B, resulting in the partial allowance of the assessee's appeal and dismissal of the revenue's appeal. Case-Laws Income Tax Tue, 30 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117798