https://www.taxtmi.com/caselaws?id=248765 The Tribunal upheld the exclusion of interest income from operating revenue and increased the allowable deduction for administrative expenses to Rs. 13.19 lakh. The issue of the comparability of Samrat Clearing was remitted to the TPO/AO for fresh consideration, and the penalty under Section 271(1)(c) was set aside for reconsideration post the quantum proceedings. The decision ensures a comprehensive review of the key matters, granting the assessee a fair chance to present its arguments. en-us Wed, 11 Jun 2014 00:00:00 +0530 Tue, 24 Jun 2014 08:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248765 The Tribunal upheld the exclusion of interest income from operating revenue and increased the allowable deduction for administrative expenses to Rs. 13.19 lakh. The issue of the comparability of Samrat Clearing was remitted to the TPO/AO for fresh consideration, and the penalty under Section 271(1)(c) was set aside for reconsideration post the quantum proceedings. The decision ensures a comprehensive review of the key matters, granting the assessee a fair chance to present its arguments. Case-Laws Income Tax Wed, 11 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248765