https://www.taxtmi.com/caselaws?id=296690 The case involved disputes over a loan to a subsidiary company, order u/s 154, amortization of public issue expenses u/s 35(2), interest on bank deposit and RBI Bonds, and levy of interest u/s 234B. The Learned Vice President upheld the loan as a business expenditure, confirmed the amortization order, and categorized interest income under "Income from other sources." The issue of interest levy u/s 234B was remanded for further consideration. Ultimately, both revenue appeals and cross objections were partially allowed in a decision issued on April 27, 2012. en-us Fri, 27 Apr 2012 00:00:00 +0530 Tue, 03 Aug 2021 11:58:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296690 The case involved disputes over a loan to a subsidiary company, order u/s 154, amortization of public issue expenses u/s 35(2), interest on bank deposit and RBI Bonds, and levy of interest u/s 234B. The Learned Vice President upheld the loan as a business expenditure, confirmed the amortization order, and categorized interest income under "Income from other sources." The issue of interest levy u/s 234B was remanded for further consideration. Ultimately, both revenue appeals and cross objections were partially allowed in a decision issued on April 27, 2012. Case-Laws Income Tax Fri, 27 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296690