https://www.taxtmi.com/caselaws?id=237089 The Tribunal dismissed the Revenue's appeal regarding disallowance of interest on borrowed funds, finance brokerage charges, sub-brokerage payments, service charges, and depreciation on vehicles. It partly allowed the Revenue's appeal on disallowance of finance charges due to alleged fund diversion, depreciation on BSE Membership Card, and various business expenditures. The Tribunal deleted the addition of unexplained credit and upheld the deletion of penalties under section 271(1)(c) related to certain issues, while restoring others for fresh consideration. en-us Wed, 06 Jun 2012 00:00:00 +0530 Wed, 18 Sep 2013 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237089 The Tribunal dismissed the Revenue's appeal regarding disallowance of interest on borrowed funds, finance brokerage charges, sub-brokerage payments, service charges, and depreciation on vehicles. It partly allowed the Revenue's appeal on disallowance of finance charges due to alleged fund diversion, depreciation on BSE Membership Card, and various business expenditures. The Tribunal deleted the addition of unexplained credit and upheld the deletion of penalties under section 271(1)(c) related to certain issues, while restoring others for fresh consideration. Case-Laws Income Tax Wed, 06 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237089