https://www.taxtmi.com/caselaws?id=306413 The Tribunal allowed the Revenue's appeals against the Ld. CIT(A)'s order for the Assessment Years 2012-13, 2013-14, and 2014-15. The main issue was the addition of benefit/perquisite u/s.2(24(iv) of the Income Tax Act, 1961, involving interest-free advances. The Tribunal remanded the matter to the Assessing Officer for reconsideration, following precedent. Additionally, the Tribunal set aside the Ld. CIT(A)'s decision on invoking Section 115BBE of the Act, restoring the issue to the Assessing Officer for review. All appeals were allowed for statistical purposes, and the matter was sent back for further proceedings. en-us Mon, 17 Feb 2020 00:00:00 +0530 Sat, 28 Jan 2023 08:27:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306413 The Tribunal allowed the Revenue's appeals against the Ld. CIT(A)'s order for the Assessment Years 2012-13, 2013-14, and 2014-15. The main issue was the addition of benefit/perquisite u/s.2(24(iv) of the Income Tax Act, 1961, involving interest-free advances. The Tribunal remanded the matter to the Assessing Officer for reconsideration, following precedent. Additionally, the Tribunal set aside the Ld. CIT(A)'s decision on invoking Section 115BBE of the Act, restoring the issue to the Assessing Officer for review. All appeals were allowed for statistical purposes, and the matter was sent back for further proceedings. Case-Laws Income Tax Mon, 17 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306413