https://www.taxtmi.com/caselaws?id=385608 The Tribunal confirmed the deletion of disallowance of guarantee fees as revenue expenditure, loss of material as revenue nature, and provision for employees' cost. It remitted the issue of capital grants for fresh adjudication, deleted the enhancement of book profit, upheld interest income treatment, and noted penalty and interest proceedings as consequential without separate orders. The Tribunal dismissed the revenue's appeal and partly allowed the assessee's appeals, confirming some issues and remitting others back to the AO for reconsideration. en-us Thu, 05 Sep 2019 00:00:00 +0530 Tue, 10 Sep 2019 06:02:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385608 The Tribunal confirmed the deletion of disallowance of guarantee fees as revenue expenditure, loss of material as revenue nature, and provision for employees' cost. It remitted the issue of capital grants for fresh adjudication, deleted the enhancement of book profit, upheld interest income treatment, and noted penalty and interest proceedings as consequential without separate orders. The Tribunal dismissed the revenue's appeal and partly allowed the assessee's appeals, confirming some issues and remitting others back to the AO for reconsideration. Case-Laws Income Tax Thu, 05 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385608