https://www.taxtmi.com/caselaws?id=186053 The Tribunal partially allowed the assessee's appeal and the Revenue's appeal. The disallowance of interest claimed under section 36(1)(iii) was restricted by the Commissioner of Income-tax (Appeals) and referred back to the Assessing Officer for further examination. Various disallowances of expenses were either upheld, deleted, or modified by the Tribunal based on lack of evidence or adherence to precedents. Exemptions under sections 54EA and 54EB were allowed by the CIT(A) and upheld by the Tribunal. The computation of capital gains on the sale of bonus shares was directed to be reexamined as per the assessee's claim. The decision was pronounced on 30th August 2011. en-us Tue, 30 Aug 2011 00:00:00 +0530 Tue, 06 Sep 2016 16:16:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186053 The Tribunal partially allowed the assessee's appeal and the Revenue's appeal. The disallowance of interest claimed under section 36(1)(iii) was restricted by the Commissioner of Income-tax (Appeals) and referred back to the Assessing Officer for further examination. Various disallowances of expenses were either upheld, deleted, or modified by the Tribunal based on lack of evidence or adherence to precedents. Exemptions under sections 54EA and 54EB were allowed by the CIT(A) and upheld by the Tribunal. The computation of capital gains on the sale of bonus shares was directed to be reexamined as per the assessee's claim. The decision was pronounced on 30th August 2011. Case-Laws Income Tax Tue, 30 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186053