https://www.taxtmi.com/caselaws?id=206786 The Tribunal upheld the deletion of deemed dividend addition under section 2(22)(e) as the assessee was not a shareholder of the lender company. Disallowance of provision for expenses was partially upheld pending verification of details. Disallowance of provision for doubtful debts, gratuity, and expenses under section 115JB was dismissed. Deletion of disallowance of royalty payment was upheld as legitimate business expense. Deletion of doubtful debts/advance written off was upheld as a business loss. Research and development expenses disallowance was remitted for re-examination. Deletion of late ESI and PF payment addition was upheld. Provision for gratuity deletion under section 115JB was upheld. Deletion of arms length price adjustment was upheld in favor of the assessee. en-us Fri, 11 Feb 2011 00:00:00 +0530 Wed, 16 Nov 2011 08:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206786 The Tribunal upheld the deletion of deemed dividend addition under section 2(22)(e) as the assessee was not a shareholder of the lender company. Disallowance of provision for expenses was partially upheld pending verification of details. Disallowance of provision for doubtful debts, gratuity, and expenses under section 115JB was dismissed. Deletion of disallowance of royalty payment was upheld as legitimate business expense. Deletion of doubtful debts/advance written off was upheld as a business loss. Research and development expenses disallowance was remitted for re-examination. Deletion of late ESI and PF payment addition was upheld. Provision for gratuity deletion under section 115JB was upheld. Deletion of arms length price adjustment was upheld in favor of the assessee. Case-Laws Income Tax Fri, 11 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206786