https://www.taxtmi.com/caselaws?id=181716 The Tribunal upheld the decisions of the CIT(A) in deleting the addition in respect of provision for gratuity, allowing set off of brought forward losses as per Form No. 29B, and confirming the disallowance of interest paid to IFCI and ICICI under section 43B. However, the disallowance on account of provision for diminution in the value of long-term investments was upheld. The Tribunal also confirmed the charging of interest under section 234B. The appeals filed by the Revenue were partly allowed, and the appeal by the assessee was partly allowed for statistical purposes. en-us Wed, 15 Sep 2010 00:00:00 +0530 Fri, 22 Apr 2016 15:41:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181716 The Tribunal upheld the decisions of the CIT(A) in deleting the addition in respect of provision for gratuity, allowing set off of brought forward losses as per Form No. 29B, and confirming the disallowance of interest paid to IFCI and ICICI under section 43B. However, the disallowance on account of provision for diminution in the value of long-term investments was upheld. The Tribunal also confirmed the charging of interest under section 234B. The appeals filed by the Revenue were partly allowed, and the appeal by the assessee was partly allowed for statistical purposes. Case-Laws Income Tax Wed, 15 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181716