https://www.taxtmi.com/caselaws?id=208992 The Tribunal partially allowed the appeal, reducing disallowances on interest for tax-free securities and investment allowance, and remanding issues like profit on sale of fixed assets, initial pension fund contribution, and UTI units loss for reassessment. Disallowances for ex-gratia payments, club expenses, prior period expenses, and interest charged by a bank were upheld. The Tribunal also clarified the treatment of interest and speculation income and directed reconsideration of disallowances under section 40A(9). Consequential interest was affirmed under sections 234A and 234C, while a separate order was required for interest under section 201(1A). en-us Fri, 25 Mar 2011 00:00:00 +0530 Mon, 05 Aug 2013 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208992 The Tribunal partially allowed the appeal, reducing disallowances on interest for tax-free securities and investment allowance, and remanding issues like profit on sale of fixed assets, initial pension fund contribution, and UTI units loss for reassessment. Disallowances for ex-gratia payments, club expenses, prior period expenses, and interest charged by a bank were upheld. The Tribunal also clarified the treatment of interest and speculation income and directed reconsideration of disallowances under section 40A(9). Consequential interest was affirmed under sections 234A and 234C, while a separate order was required for interest under section 201(1A). Case-Laws Income Tax Fri, 25 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208992