https://www.taxtmi.com/caselaws?id=359574 The Tribunal dismissed the Revenue's appeals for various assessment years and allowed the assessee's appeals based on lack of incriminating material found during the search, consistency in income treatment, and adherence to judicial precedents. The Tribunal upheld the CIT(A)'s decisions on issues such as deletion of additions not based on incriminating material, allowance of deduction for write-off of interest on OCDs, treatment of loss on sale of shares as business loss, allowance of foreign travel expenses, and deletion of disallowance under Section 14A while computing book profits under Section 115JB. en-us Wed, 25 Apr 2018 00:00:00 +0530 Wed, 02 May 2018 06:24:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359574 The Tribunal dismissed the Revenue's appeals for various assessment years and allowed the assessee's appeals based on lack of incriminating material found during the search, consistency in income treatment, and adherence to judicial precedents. The Tribunal upheld the CIT(A)'s decisions on issues such as deletion of additions not based on incriminating material, allowance of deduction for write-off of interest on OCDs, treatment of loss on sale of shares as business loss, allowance of foreign travel expenses, and deletion of disallowance under Section 14A while computing book profits under Section 115JB. Case-Laws Income Tax Wed, 25 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359574