https://www.taxtmi.com/caselaws?id=404567 The Tribunal's order dated 21.12.2012 is quashed regarding the issues of write-off of tool expenditure and the nexus between interest-bearing funds and interest-free advances. These matters are remitted to the Tribunal for fresh adjudication. The issue of salary allowability is remitted for verification, while the property tax liability is resolved in favor of the assessee. The appeal is disposed of, permitting parties to present all admissible contentions. en-us Tue, 09 Feb 2021 00:00:00 +0530 Tue, 29 Oct 2024 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404567 The Tribunal's order dated 21.12.2012 is quashed regarding the issues of write-off of tool expenditure and the nexus between interest-bearing funds and interest-free advances. These matters are remitted to the Tribunal for fresh adjudication. The issue of salary allowability is remitted for verification, while the property tax liability is resolved in favor of the assessee. The appeal is disposed of, permitting parties to present all admissible contentions. Case-Laws Income Tax Tue, 09 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404567