https://www.taxtmi.com/caselaws?id=354192 The Tribunal ruled in favor of the Appellant, a telecom company, on issues concerning the disallowance of license fee, loss on investments, and guarantee payment. The disallowed amounts were ordered to be deleted, allowing the claims under relevant sections of the Act. The matter of treating certain receipts as income was deferred for further consideration upon submission of necessary documentation. The penalty issue under section 271(1)(c) was not addressed at the current stage, with the appeal being allowed for statistical purposes. en-us Mon, 15 Jan 2018 00:00:00 +0530 Sat, 20 Jan 2018 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354192 The Tribunal ruled in favor of the Appellant, a telecom company, on issues concerning the disallowance of license fee, loss on investments, and guarantee payment. The disallowed amounts were ordered to be deleted, allowing the claims under relevant sections of the Act. The matter of treating certain receipts as income was deferred for further consideration upon submission of necessary documentation. The penalty issue under section 271(1)(c) was not addressed at the current stage, with the appeal being allowed for statistical purposes. Case-Laws Income Tax Mon, 15 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354192