https://www.taxtmi.com/caselaws?id=178470 The High Court of Gujarat dismissed the Tax Appeal, affirming the Tribunal's decision to reverse the CIT (Appeal) order and delete the addition of Rs. 14.12 crores representing the principal amount of a loan waived. The court held that the waived amount was solely the principal sum, not interest, and relied on precedent to support its decision. en-us Wed, 14 Dec 2011 00:00:00 +0530 Tue, 29 Aug 2017 09:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178470 The High Court of Gujarat dismissed the Tax Appeal, affirming the Tribunal's decision to reverse the CIT (Appeal) order and delete the addition of Rs. 14.12 crores representing the principal amount of a loan waived. The court held that the waived amount was solely the principal sum, not interest, and relied on precedent to support its decision. Case-Laws Income Tax Wed, 14 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178470