https://www.taxtmi.com/caselaws?id=291210 The Tribunal dismissed the Revenue's appeal and partly allowed the Assessee's appeal, remitting certain issues back to the Assessing Officer for re-examination. Key points included disallowance under Section 14A being reduced, credit card commission not subject to TDS, bank charges not classified as commission, interest expenses being allowed, treatment of forfeited share warrants as capital receipts, and adjustments to book profit under Section 115JB. The Tribunal upheld the CIT(A)'s decisions on various issues, leading to the dismissal of the Revenue's grounds across multiple tax sections. en-us Fri, 05 May 2017 00:00:00 +0530 Mon, 02 Nov 2020 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291210 The Tribunal dismissed the Revenue's appeal and partly allowed the Assessee's appeal, remitting certain issues back to the Assessing Officer for re-examination. Key points included disallowance under Section 14A being reduced, credit card commission not subject to TDS, bank charges not classified as commission, interest expenses being allowed, treatment of forfeited share warrants as capital receipts, and adjustments to book profit under Section 115JB. The Tribunal upheld the CIT(A)'s decisions on various issues, leading to the dismissal of the Revenue's grounds across multiple tax sections. Case-Laws Income Tax Fri, 05 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291210