https://www.taxtmi.com/caselaws?id=234049 The Tribunal partly allowed the cross appeals of the assessee and revenue in quantum proceedings for assessment years 2004-05 and 2005-06. Disallowances were reduced or upheld based on specific issues such as excess price paid to sister concerns, short provision of sales tax, foreign travel expenditure, differences in balances with parties, interest payment, commission payments, rate difference payments, and bad debts. Penalty appeals by the revenue for both years were dismissed as explanations provided were deemed bona fide and issues debatable. en-us Fri, 17 May 2013 00:00:00 +0530 Mon, 27 May 2013 08:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234049 The Tribunal partly allowed the cross appeals of the assessee and revenue in quantum proceedings for assessment years 2004-05 and 2005-06. Disallowances were reduced or upheld based on specific issues such as excess price paid to sister concerns, short provision of sales tax, foreign travel expenditure, differences in balances with parties, interest payment, commission payments, rate difference payments, and bad debts. Penalty appeals by the revenue for both years were dismissed as explanations provided were deemed bona fide and issues debatable. Case-Laws Income Tax Fri, 17 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234049