https://www.taxtmi.com/caselaws?id=329678 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision, dismissing the Revenue's appeal. It found the change in valuation method of securities to be bona fide and consistent with accounting standards. Additionally, the Tribunal ruled in favor of the assessee regarding the disallowed bonus claim, stating that the payment was made within the stipulated time under the Income Tax Act. As a result, the Tribunal dismissed the Revenue's appeal entirely. en-us Mon, 02 May 2016 00:00:00 +0530 Thu, 07 Jul 2016 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329678 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision, dismissing the Revenue's appeal. It found the change in valuation method of securities to be bona fide and consistent with accounting standards. Additionally, the Tribunal ruled in favor of the assessee regarding the disallowed bonus claim, stating that the payment was made within the stipulated time under the Income Tax Act. As a result, the Tribunal dismissed the Revenue's appeal entirely. Case-Laws Income Tax Mon, 02 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329678