https://www.taxtmi.com/caselaws?id=429753 The tribunal upheld certain disallowances while providing relief on various grounds. Issues such as the addition of a loan against a Birla Sun Life Policy were remanded for verification, disallowances of salaries and wages were reduced to 20%, disallowances of insurance and staff welfare expenses were overturned, and other expenses were remanded for further verification. The addition of unsecured loans was remanded for de-novo consideration, and the enhancement of long-term capital gains without cost of improvement benefit was also remanded. The tribunal dismissed the appellant's claim regarding the enhancement of income without fulfilling mandatory conditions and noted that interest charges were consequential pending final income determination. en-us Mon, 05 Sep 2022 00:00:00 +0530 Thu, 03 Nov 2022 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429753 The tribunal upheld certain disallowances while providing relief on various grounds. Issues such as the addition of a loan against a Birla Sun Life Policy were remanded for verification, disallowances of salaries and wages were reduced to 20%, disallowances of insurance and staff welfare expenses were overturned, and other expenses were remanded for further verification. The addition of unsecured loans was remanded for de-novo consideration, and the enhancement of long-term capital gains without cost of improvement benefit was also remanded. The tribunal dismissed the appellant's claim regarding the enhancement of income without fulfilling mandatory conditions and noted that interest charges were consequential pending final income determination. Case-Laws Income Tax Mon, 05 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429753