https://www.taxtmi.com/caselaws?id=417823 The Tribunal dismissed all three appeals of the Revenue, upholding the CIT(A)'s deletions and directions across various issues, including disallowance of interest-free loans, Section 14A disallowance, depreciation on aircraft, unpaid operational charges, non-deduction of TDS, rejection of exemption claim under the Tonnage Tax Scheme, and computation of book profit under Section 115JB. The decisions were based on commercial expediency, legal precedents, and proper application of tax laws. en-us Mon, 31 Jan 2022 00:00:00 +0530 Wed, 07 Dec 2022 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417823 The Tribunal dismissed all three appeals of the Revenue, upholding the CIT(A)'s deletions and directions across various issues, including disallowance of interest-free loans, Section 14A disallowance, depreciation on aircraft, unpaid operational charges, non-deduction of TDS, rejection of exemption claim under the Tonnage Tax Scheme, and computation of book profit under Section 115JB. The decisions were based on commercial expediency, legal precedents, and proper application of tax laws. Case-Laws Income Tax Mon, 31 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417823