https://www.taxtmi.com/caselaws?id=170975 The Tribunal allowed the appeals on the disallowance of short-term capital loss on SPNs and the computation of book profit under Section 115JA. It upheld the disallowance of foreign travel expenditure, guest house expenses, and taxation of reimbursement as perquisites. The issue of disallowance of interest on advances to subsidiaries was remanded for re-examination, while the disallowance of interest for non-business utilization was confirmed. en-us Tue, 27 Feb 2007 00:00:00 +0530 Mon, 06 Jul 2015 13:17:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170975 The Tribunal allowed the appeals on the disallowance of short-term capital loss on SPNs and the computation of book profit under Section 115JA. It upheld the disallowance of foreign travel expenditure, guest house expenses, and taxation of reimbursement as perquisites. The issue of disallowance of interest on advances to subsidiaries was remanded for re-examination, while the disallowance of interest for non-business utilization was confirmed. Case-Laws Income Tax Tue, 27 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170975