https://www.taxtmi.com/caselaws?id=239723 The appeal was partly allowed by the Tribunal, ruling in favor of the appellant on grounds related to the disallowance of traveling and conveyance expenses, finding them not covered under sections 44C and 37(1). The Tribunal also held that no interest could be levied under sections 234A and 234B due to the appellant's non-resident status. Additionally, the Tribunal dismissed the premature initiation of penalty proceedings. The reassessment validity challenge was withdrawn by the appellant and dismissed. The Tribunal allowed the deduction related to the traveling expenses, making the set off of the current year loss issue moot. en-us Thu, 28 Mar 2013 00:00:00 +0530 Tue, 19 Nov 2013 13:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239723 The appeal was partly allowed by the Tribunal, ruling in favor of the appellant on grounds related to the disallowance of traveling and conveyance expenses, finding them not covered under sections 44C and 37(1). The Tribunal also held that no interest could be levied under sections 234A and 234B due to the appellant's non-resident status. Additionally, the Tribunal dismissed the premature initiation of penalty proceedings. The reassessment validity challenge was withdrawn by the appellant and dismissed. The Tribunal allowed the deduction related to the traveling expenses, making the set off of the current year loss issue moot. Case-Laws Income Tax Thu, 28 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239723