https://www.taxtmi.com/caselaws?id=120079 The appeal of the assessee was partly allowed, resulting in the deletion of disallowance under Section 43B for non-payment of provident fund due to a reasonable cause for the delay. The addition due to a difference in turnover was deleted as proper reconciliation was provided. The issue of non-allowance of brought forward business loss and unabsorbed depreciation was remitted for verification. Relief under sections 234B and 234C was directed by the Tribunal. Dividend income was upheld as exempt under Section 10(33). Penalties charged by the National Stock Exchange were deleted. The addition due to interest-free loans was also deleted. en-us Fri, 28 Jul 2006 00:00:00 +0530 Mon, 16 Jul 2012 15:55:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120079 The appeal of the assessee was partly allowed, resulting in the deletion of disallowance under Section 43B for non-payment of provident fund due to a reasonable cause for the delay. The addition due to a difference in turnover was deleted as proper reconciliation was provided. The issue of non-allowance of brought forward business loss and unabsorbed depreciation was remitted for verification. Relief under sections 234B and 234C was directed by the Tribunal. Dividend income was upheld as exempt under Section 10(33). Penalties charged by the National Stock Exchange were deleted. The addition due to interest-free loans was also deleted. Case-Laws Income Tax Fri, 28 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120079