https://www.taxtmi.com/caselaws?id=185512 The Tribunal ruled in favor of the assessee on various issues including the disallowance of club expenditure, interest paid on borrowings for share capital, and depreciation on management rights. Disallowances related to interest-free funds, leave encashment, gratuity provisions, and employees' provident fund contributions were mostly rejected. The Tribunal directed a fresh review on certain disallowances under section 14A and upheld the provision for fringe benefit tax. Overall, the Tribunal partially allowed the assessee's appeals and dismissed the revenue's appeals, providing detailed reasoning and instructions for each issue. en-us Fri, 10 Jul 2015 00:00:00 +0530 Wed, 17 Aug 2016 08:44:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185512 The Tribunal ruled in favor of the assessee on various issues including the disallowance of club expenditure, interest paid on borrowings for share capital, and depreciation on management rights. Disallowances related to interest-free funds, leave encashment, gratuity provisions, and employees' provident fund contributions were mostly rejected. The Tribunal directed a fresh review on certain disallowances under section 14A and upheld the provision for fringe benefit tax. Overall, the Tribunal partially allowed the assessee's appeals and dismissed the revenue's appeals, providing detailed reasoning and instructions for each issue. Case-Laws Income Tax Fri, 10 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185512