https://www.taxtmi.com/caselaws?id=292647 The Tribunal partly allowed the assessee's appeal and partly allowed the Revenue's appeal for statistical purposes. The Tribunal confirmed most of the CIT(A)'s decisions, including disallowance of business loss on conversion of capital assets, disallowance of contribution to PNB Employees Pension Fund Trust, and addition of capital expenditure debited to revenue. It also upheld the disallowance of depreciation on investments and losses on revaluation of investments. The Tribunal provided detailed reasoning for each issue, emphasizing consistency with earlier years and legal precedents. en-us Fri, 16 Mar 2018 00:00:00 +0530 Sun, 03 Jan 2021 10:47:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292647 The Tribunal partly allowed the assessee's appeal and partly allowed the Revenue's appeal for statistical purposes. The Tribunal confirmed most of the CIT(A)'s decisions, including disallowance of business loss on conversion of capital assets, disallowance of contribution to PNB Employees Pension Fund Trust, and addition of capital expenditure debited to revenue. It also upheld the disallowance of depreciation on investments and losses on revaluation of investments. The Tribunal provided detailed reasoning for each issue, emphasizing consistency with earlier years and legal precedents. Case-Laws Income Tax Fri, 16 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292647