https://www.taxtmi.com/caselaws?id=240569 The Tribunal directed the AO to re-adjudicate the matter after additional evidence was admitted without the AO's opportunity. Disallowance of interest was overturned in favor of the assessee based on legal precedent. The AO's determination of annual rental value was rejected, and the income returned by the assessee was accepted. Benefits from share allotment were not taxed, and the valuation of rights attached to shares was upheld in favor of the assessee. The Tribunal's decisions were based on legal provisions and precedents, resolving the disputes raised in the case. en-us Fri, 12 Aug 2011 00:00:00 +0530 Sat, 07 Dec 2013 08:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240569 The Tribunal directed the AO to re-adjudicate the matter after additional evidence was admitted without the AO's opportunity. Disallowance of interest was overturned in favor of the assessee based on legal precedent. The AO's determination of annual rental value was rejected, and the income returned by the assessee was accepted. Benefits from share allotment were not taxed, and the valuation of rights attached to shares was upheld in favor of the assessee. The Tribunal's decisions were based on legal provisions and precedents, resolving the disputes raised in the case. Case-Laws Income Tax Fri, 12 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240569