https://www.taxtmi.com/caselaws?id=202412 The Tribunal partially accepted the department's application by rectifying the order to state that the appeal of the Revenue is "partly allowed for statistical purposes." However, the Tribunal dismissed the department's requests for rectification on the disallowance of interest claimed on the cost of shares, including the non-compete fee, and the determination of the cost of acquisition of shares. The Tribunal emphasized that the requests did not meet the criteria for rectification under Section 254(2) of the I.T. Act. The amendments made regarding the first issue were effective from the date of the original order. en-us Fri, 21 Jan 2011 00:00:00 +0530 Tue, 22 Mar 2011 18:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202412 The Tribunal partially accepted the department's application by rectifying the order to state that the appeal of the Revenue is "partly allowed for statistical purposes." However, the Tribunal dismissed the department's requests for rectification on the disallowance of interest claimed on the cost of shares, including the non-compete fee, and the determination of the cost of acquisition of shares. The Tribunal emphasized that the requests did not meet the criteria for rectification under Section 254(2) of the I.T. Act. The amendments made regarding the first issue were effective from the date of the original order. Case-Laws Income Tax Fri, 21 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202412