https://www.taxtmi.com/caselaws?id=237171 The Tribunal dismissed the AO's appeals and allowed the cross-objections and appeals by the assessee for statistical purposes. The decisions were based on legal precedents and detailed analysis, resulting in the deletion of additions on account of Arrangers' Fees, exemption claimed under section 10, disallowance of interest expenditure, wealth tax payment, provision for bad debts, and Head Office expenses while computing book profit under section 115JB. The Tribunal also overturned the restriction of deduction for Head Office expenses and confirmed the higher tax rate for business income applied by the AO. en-us Wed, 10 Jul 2013 00:00:00 +0530 Tue, 22 Mar 2016 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237171 The Tribunal dismissed the AO's appeals and allowed the cross-objections and appeals by the assessee for statistical purposes. The decisions were based on legal precedents and detailed analysis, resulting in the deletion of additions on account of Arrangers' Fees, exemption claimed under section 10, disallowance of interest expenditure, wealth tax payment, provision for bad debts, and Head Office expenses while computing book profit under section 115JB. The Tribunal also overturned the restriction of deduction for Head Office expenses and confirmed the higher tax rate for business income applied by the AO. Case-Laws Income Tax Wed, 10 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237171