https://www.taxtmi.com/caselaws?id=238096 The Tribunal dismissed the department's appeal and partially allowed the assessee's appeal, confirming the CIT(A)'s findings on various issues including stock valuation, treatment of waived interest as business income, and set off of carry forward losses against business income. The Tribunal directed the AO to verify the nature of a term loan for partial relief and upheld the addition of advance payments without supporting evidence. en-us Wed, 12 Jun 2013 00:00:00 +0530 Tue, 15 Oct 2013 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238096 The Tribunal dismissed the department's appeal and partially allowed the assessee's appeal, confirming the CIT(A)'s findings on various issues including stock valuation, treatment of waived interest as business income, and set off of carry forward losses against business income. The Tribunal directed the AO to verify the nature of a term loan for partial relief and upheld the addition of advance payments without supporting evidence. Case-Laws Income Tax Wed, 12 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238096