https://www.taxtmi.com/caselaws?id=221196 The Revenue's appeals for various assessment years were dismissed regarding deletion of disallowances on proportionate interest, interest on share application money, notional gain on foreign exchange deposit, deduction for meals supplied to foreign airlines, and deductions for expenditure on replacement of carpets and linen. The Tribunal upheld the CIT(Appeals) orders in favor of the assessee. However, the AO's decision to levy interest under section 234D was reinstated for one assessment year, while an addition on interest capitalized in the books was deleted for another assessment year. en-us Fri, 23 Nov 2012 00:00:00 +0530 Fri, 22 Feb 2013 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221196 The Revenue's appeals for various assessment years were dismissed regarding deletion of disallowances on proportionate interest, interest on share application money, notional gain on foreign exchange deposit, deduction for meals supplied to foreign airlines, and deductions for expenditure on replacement of carpets and linen. The Tribunal upheld the CIT(Appeals) orders in favor of the assessee. However, the AO's decision to levy interest under section 234D was reinstated for one assessment year, while an addition on interest capitalized in the books was deleted for another assessment year. Case-Laws Income Tax Fri, 23 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221196