https://www.taxtmi.com/caselaws?id=247432 The High Court upheld the decisions of the C.I.T. (Appeals) and the Tribunal in all three issues, ruling in favor of the assessee and dismissing the Tax Appeal raised by the Revenue. The first issue involved the deletion of the addition of loss disallowed in the MCX Division, the second issue concerned the deletion of addition of interest on an unsecured loan, and the third issue focused on the deletion of addition of penalty expenses. The court found in favor of the assessee in each instance, affirming the decisions of the lower authorities. en-us Tue, 04 Mar 2014 00:00:00 +0530 Mon, 12 May 2014 10:05:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247432 The High Court upheld the decisions of the C.I.T. (Appeals) and the Tribunal in all three issues, ruling in favor of the assessee and dismissing the Tax Appeal raised by the Revenue. The first issue involved the deletion of the addition of loss disallowed in the MCX Division, the second issue concerned the deletion of addition of interest on an unsecured loan, and the third issue focused on the deletion of addition of penalty expenses. The court found in favor of the assessee in each instance, affirming the decisions of the lower authorities. Case-Laws Income Tax Tue, 04 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247432