https://www.taxtmi.com/caselaws?id=148426 The Tribunal upheld the CIT(A)'s decision in a tax case involving various disputes, including the deletion of additions made by the AO regarding payments to ex-partners and their spouses, the deletion of interest on borrowed funds advanced to a sister concern, and the addition of service tax as outstanding liability. The Tribunal also allowed the deduction of interest expenditure and disallowed various items of expenditure. The Tribunal further ruled on the computation of interest chargeable under section 234B and the disallowance of telephone expenses. The appeals of the revenue were dismissed, while those of the assessee were partly allowed. en-us Fri, 21 May 2010 00:00:00 +0530 Fri, 15 Sep 2023 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=148426 The Tribunal upheld the CIT(A)'s decision in a tax case involving various disputes, including the deletion of additions made by the AO regarding payments to ex-partners and their spouses, the deletion of interest on borrowed funds advanced to a sister concern, and the addition of service tax as outstanding liability. The Tribunal also allowed the deduction of interest expenditure and disallowed various items of expenditure. The Tribunal further ruled on the computation of interest chargeable under section 234B and the disallowance of telephone expenses. The appeals of the revenue were dismissed, while those of the assessee were partly allowed. Case-Laws Income Tax Fri, 21 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=148426