https://www.taxtmi.com/caselaws?id=237135 The Tribunal ruled in favor of the assessee on various issues including deeming sales tax as a capital receipt not liable to tax, disallowance of interest on interest-free loans to subsidiaries, and disallowance of expenses on spouses' traveling. It also addressed issues related to deduction under section 80HHC, depreciation on goods purchased from certain suppliers, arm's length pricing for payments to associate enterprises, and adjustments under sections 14A, 40A(ia), 92C, and 115JB. The Tribunal provided detailed analyses and either upheld or reversed the decisions of the lower authorities based on precedents and legal provisions. en-us Fri, 13 Sep 2013 00:00:00 +0530 Thu, 19 Sep 2013 09:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237135 The Tribunal ruled in favor of the assessee on various issues including deeming sales tax as a capital receipt not liable to tax, disallowance of interest on interest-free loans to subsidiaries, and disallowance of expenses on spouses' traveling. It also addressed issues related to deduction under section 80HHC, depreciation on goods purchased from certain suppliers, arm's length pricing for payments to associate enterprises, and adjustments under sections 14A, 40A(ia), 92C, and 115JB. The Tribunal provided detailed analyses and either upheld or reversed the decisions of the lower authorities based on precedents and legal provisions. Case-Laws Income Tax Fri, 13 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237135