https://www.taxtmi.com/caselaws?id=279973 The Tribunal ruled in favor of the assessee on various issues including recharacterization of share application money, interest on debentures, corporate guarantee, sale of drugs, R&D expenses, and remuneration from a partnership firm. The Tribunal directed deletions of additions made by the tax authorities, citing legal provisions and precedents. The Tribunal also provided specific instructions for the treatment of expenses, deductions, and disallowances, ensuring compliance with relevant laws and court decisions. Penalty proceedings were deemed premature and dismissed. The overall outcome favored the assessee with most appeals allowed and revenue appeals dismissed or treated as allowed for statistical purposes. en-us Fri, 08 Sep 2017 00:00:00 +0530 Mon, 15 Apr 2019 06:09:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279973 The Tribunal ruled in favor of the assessee on various issues including recharacterization of share application money, interest on debentures, corporate guarantee, sale of drugs, R&D expenses, and remuneration from a partnership firm. The Tribunal directed deletions of additions made by the tax authorities, citing legal provisions and precedents. The Tribunal also provided specific instructions for the treatment of expenses, deductions, and disallowances, ensuring compliance with relevant laws and court decisions. Penalty proceedings were deemed premature and dismissed. The overall outcome favored the assessee with most appeals allowed and revenue appeals dismissed or treated as allowed for statistical purposes. Case-Laws Income Tax Fri, 08 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279973