https://www.taxtmi.com/caselaws?id=259804 The Tribunal ruled in favor of the assessee, overturning the disallowance of deductions under section 10B for interest income on MSEB deposit and weigh bridge receipts. It also rejected the allocation of directors' remuneration on a pro-rata turnover basis and transfer pricing adjustments, concluding that all claims were made in good faith. The Tribunal deleted the penalties imposed under section 271(1)(c) for all disallowances and additions, emphasizing that the assessee had disclosed all relevant particulars and did not conceal income or provide inaccurate information. en-us Wed, 29 Apr 2015 00:00:00 +0530 Fri, 22 May 2015 15:05:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259804 The Tribunal ruled in favor of the assessee, overturning the disallowance of deductions under section 10B for interest income on MSEB deposit and weigh bridge receipts. It also rejected the allocation of directors' remuneration on a pro-rata turnover basis and transfer pricing adjustments, concluding that all claims were made in good faith. The Tribunal deleted the penalties imposed under section 271(1)(c) for all disallowances and additions, emphasizing that the assessee had disclosed all relevant particulars and did not conceal income or provide inaccurate information. Case-Laws Income Tax Wed, 29 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259804