https://www.taxtmi.com/caselaws?id=257599 The assessee's appeal was partly allowed, with the Tribunal ruling in favor of the assessee on various grounds including disallowance under Rule 8D, addition to closing stock valuation, and disallowance of exemption claimed for dividend income from a subsidiary in Sri Lanka. The Tribunal remanded certain issues for fresh adjudication and directed the AO to comply with previous instructions. The Revenue's appeal against the deletion of club membership expenses was dismissed. Overall, the appeal filed by the assessee was partly allowed, while the Revenue's appeal was dismissed. en-us Thu, 26 Feb 2015 00:00:00 +0530 Mon, 16 Mar 2015 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257599 The assessee's appeal was partly allowed, with the Tribunal ruling in favor of the assessee on various grounds including disallowance under Rule 8D, addition to closing stock valuation, and disallowance of exemption claimed for dividend income from a subsidiary in Sri Lanka. The Tribunal remanded certain issues for fresh adjudication and directed the AO to comply with previous instructions. The Revenue's appeal against the deletion of club membership expenses was dismissed. Overall, the appeal filed by the assessee was partly allowed, while the Revenue's appeal was dismissed. Case-Laws Income Tax Thu, 26 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257599