https://www.taxtmi.com/caselaws?id=402452 The Tribunal allowed the appeals in favor of the assessee, deleting the disallowance of provision for expenditure and renovation expenses for office premises. The Tribunal also directed the Assessing Officer to verify the computation of dividend distribution tax and examine the issue of short credit of TDS deducted at source. Additionally, the Tribunal deemed the initiation of penalty proceedings premature, partly allowing the assessee's appeal for statistical purposes and dismissing the Revenue's appeal. The Tribunal provided detailed analysis and rulings on each issue, considering legal precedents and relevant facts. en-us Thu, 29 Oct 2020 00:00:00 +0530 Sat, 02 Jan 2021 12:18:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402452 The Tribunal allowed the appeals in favor of the assessee, deleting the disallowance of provision for expenditure and renovation expenses for office premises. The Tribunal also directed the Assessing Officer to verify the computation of dividend distribution tax and examine the issue of short credit of TDS deducted at source. Additionally, the Tribunal deemed the initiation of penalty proceedings premature, partly allowing the assessee's appeal for statistical purposes and dismissing the Revenue's appeal. The Tribunal provided detailed analysis and rulings on each issue, considering legal precedents and relevant facts. Case-Laws Income Tax Thu, 29 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402452