https://www.taxtmi.com/caselaws?id=358397 The Tribunal dismissed the Revenue's appeal and partially allowed the assessee's appeal, directing the AO to re-examine specific issues in accordance with judicial precedents. The order stressed compliance with statutory guidelines and judicial interpretations for determining tax liabilities and disallowances. The Tribunal upheld the deletion of penalty collected from members as income, emphasizing its diversion to an Investors Protection Fund. Additionally, it directed verification of TDS credit shortfall claimed by the assessee and clarified that no addition should be made while computing book profit under Section 115JB regarding disallowance under Section 14A beyond what was debited in the Profit & Loss account. en-us Fri, 06 Apr 2018 00:00:00 +0530 Wed, 11 Apr 2018 08:02:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358397 The Tribunal dismissed the Revenue's appeal and partially allowed the assessee's appeal, directing the AO to re-examine specific issues in accordance with judicial precedents. The order stressed compliance with statutory guidelines and judicial interpretations for determining tax liabilities and disallowances. The Tribunal upheld the deletion of penalty collected from members as income, emphasizing its diversion to an Investors Protection Fund. Additionally, it directed verification of TDS credit shortfall claimed by the assessee and clarified that no addition should be made while computing book profit under Section 115JB regarding disallowance under Section 14A beyond what was debited in the Profit & Loss account. Case-Laws Income Tax Fri, 06 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358397