https://www.taxtmi.com/caselaws?id=210196 The Tribunal ruled in favor of the assessee in various tax matters, allowing deductions for losses from securities transactions, expenses incurred by overseas branches, set-off of interest paid to the Income-tax Department, full deduction of expenses under the Indo-US Tax Treaty, and other expenses like penalty paid to RBI, expenses on seminars/meetings, and payments made to clubs. The Tribunal also allowed deductions for losses incurred on the sale of securities, "short sales" of securities, and transactions under the Portfolio Management Scheme. Additionally, the Tribunal directed the Assessing Officer to grant interest on refunds up to the date of receipt of the refund. en-us Wed, 27 Apr 2011 00:00:00 +0530 Sun, 29 Apr 2012 20:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210196 The Tribunal ruled in favor of the assessee in various tax matters, allowing deductions for losses from securities transactions, expenses incurred by overseas branches, set-off of interest paid to the Income-tax Department, full deduction of expenses under the Indo-US Tax Treaty, and other expenses like penalty paid to RBI, expenses on seminars/meetings, and payments made to clubs. The Tribunal also allowed deductions for losses incurred on the sale of securities, "short sales" of securities, and transactions under the Portfolio Management Scheme. Additionally, the Tribunal directed the Assessing Officer to grant interest on refunds up to the date of receipt of the refund. Case-Laws Income Tax Wed, 27 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210196