https://www.taxtmi.com/caselaws?id=259432 The Tribunal partly allowed both appeals, with various grounds being decided in favor of the assessee based on earlier decisions in the assessee's own case. Issues such as disallowance of interest on application money for tax-free bonds and expenses on issue of convertible debentures were allowed, while others like disallowance of provision for employees pending settlement of demands were dismissed. The Tribunal directed the AO to re-examine certain issues in light of previous rulings, emphasizing consistency and adherence to legal principles. en-us Mon, 20 Apr 2015 00:00:00 +0530 Tue, 05 May 2015 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259432 The Tribunal partly allowed both appeals, with various grounds being decided in favor of the assessee based on earlier decisions in the assessee's own case. Issues such as disallowance of interest on application money for tax-free bonds and expenses on issue of convertible debentures were allowed, while others like disallowance of provision for employees pending settlement of demands were dismissed. The Tribunal directed the AO to re-examine certain issues in light of previous rulings, emphasizing consistency and adherence to legal principles. Case-Laws Income Tax Mon, 20 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259432