https://www.taxtmi.com/caselaws?id=338060 The Tribunal dismissed both the cross appeals by the assessee and the Revenue. The CIT(A)'s order was upheld, granting partial relief to the assessee and rejecting the Revenue's arguments regarding disallowance of business loss, deemed dividend under section 2(22)(e), bad debts, and interest expenses. The Tribunal found in favor of the assessee on these issues, emphasizing the lack of material evidence to support the disallowances made by the Assessing Officer. en-us Fri, 20 Jan 2017 00:00:00 +0530 Sun, 22 Jan 2017 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338060 The Tribunal dismissed both the cross appeals by the assessee and the Revenue. The CIT(A)'s order was upheld, granting partial relief to the assessee and rejecting the Revenue's arguments regarding disallowance of business loss, deemed dividend under section 2(22)(e), bad debts, and interest expenses. The Tribunal found in favor of the assessee on these issues, emphasizing the lack of material evidence to support the disallowances made by the Assessing Officer. Case-Laws Income Tax Fri, 20 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338060