https://www.taxtmi.com/caselaws?id=216622 The Tribunal dismissed the Revenue's appeal, upholding the CIT (A)'s decisions on disallowance of loss on derivatives, addition of unexplained credit balances, and disallowance of interest on overdraft limit. The Tribunal found in favor of the assessee, citing precedents and evidence supporting the assessee's positions. The cross objections filed by the assessee were deemed infructuous and dismissed. Ultimately, both the Revenue's appeal and the assessee's cross-objection were dismissed by the Tribunal. en-us Tue, 03 Jul 2012 00:00:00 +0530 Sun, 16 Sep 2012 09:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216622 The Tribunal dismissed the Revenue's appeal, upholding the CIT (A)'s decisions on disallowance of loss on derivatives, addition of unexplained credit balances, and disallowance of interest on overdraft limit. The Tribunal found in favor of the assessee, citing precedents and evidence supporting the assessee's positions. The cross objections filed by the assessee were deemed infructuous and dismissed. Ultimately, both the Revenue's appeal and the assessee's cross-objection were dismissed by the Tribunal. Case-Laws Income Tax Tue, 03 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216622