https://www.taxtmi.com/caselaws?id=122820 The Tribunal allowed the deduction for the contribution to the recognized pension fund scheme, lease equalisation charges, amortisation of premium on Government securities, and provision towards gratuity fund. Disallowances were upheld for loss on revaluation of unquoted shares, payment of pension to retired employees, and expenses for earning Tax Free Bonds. The Tribunal deleted disallowances under 'bad debts' and for payment of pension otherwise than from the Pension Fund. Interest chargeability under sections 234C and 234D was remitted for further adjudication. Valuation of investments was upheld in accordance with RBI norms. Several issues were remitted back for verification and quantification. en-us Thu, 06 Aug 2009 00:00:00 +0530 Fri, 17 Aug 2012 16:25:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122820 The Tribunal allowed the deduction for the contribution to the recognized pension fund scheme, lease equalisation charges, amortisation of premium on Government securities, and provision towards gratuity fund. Disallowances were upheld for loss on revaluation of unquoted shares, payment of pension to retired employees, and expenses for earning Tax Free Bonds. The Tribunal deleted disallowances under 'bad debts' and for payment of pension otherwise than from the Pension Fund. Interest chargeability under sections 234C and 234D was remitted for further adjudication. Valuation of investments was upheld in accordance with RBI norms. Several issues were remitted back for verification and quantification. Case-Laws Income Tax Thu, 06 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122820