https://www.taxtmi.com/caselaws?id=209789 The Tribunal partly allowed the revenue's appeals, confirming some of the CIT(A)'s decisions and remanding others back to the Assessing Officer for further examination. The disputes included the disallowance of head office expenses, additions on account of revaluation of outstanding foreign exchange contracts, the allowability of exemption of interest income from tax-free bonds, disallowance of diminution in the value of investment, and the allowability of compensatory interest paid to RBI. The Tribunal's decisions were based on various case laws and interpretations of relevant provisions of the Income-tax Act. en-us Wed, 20 Apr 2011 00:00:00 +0530 Sat, 04 Feb 2012 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209789 The Tribunal partly allowed the revenue's appeals, confirming some of the CIT(A)'s decisions and remanding others back to the Assessing Officer for further examination. The disputes included the disallowance of head office expenses, additions on account of revaluation of outstanding foreign exchange contracts, the allowability of exemption of interest income from tax-free bonds, disallowance of diminution in the value of investment, and the allowability of compensatory interest paid to RBI. The Tribunal's decisions were based on various case laws and interpretations of relevant provisions of the Income-tax Act. Case-Laws Income Tax Wed, 20 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209789