https://www.taxtmi.com/caselaws?id=219806 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal. The Tribunal upheld the CIT(Appeals)' decisions on the issues of interest expenses and disallowance under Section 14A of the Income Tax Act. Additionally, the disputed items such as bad debts recovered, crude oil refund, general average claims, and liabilities of prior periods written back were treated as part of the tonnage income, following precedent set in a previous case. en-us Fri, 14 Sep 2012 00:00:00 +0530 Mon, 27 May 2013 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219806 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal. The Tribunal upheld the CIT(Appeals)' decisions on the issues of interest expenses and disallowance under Section 14A of the Income Tax Act. Additionally, the disputed items such as bad debts recovered, crude oil refund, general average claims, and liabilities of prior periods written back were treated as part of the tonnage income, following precedent set in a previous case. Case-Laws Income Tax Fri, 14 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219806