https://www.taxtmi.com/caselaws?id=435327 The Tribunal upheld the Assessing Officer's additions in most categories but granted partial relief in some instances. The Tribunal ruled that interest on housing loans to employees and insurance claims are core shipping activity income. It held various receipts as related to core activities and not separately taxable. The Tribunal also addressed turnover calculations, disallowance of certain expenses, and the taxability of specific provisions. The appeal by the assessee was partly allowed, and the Revenue's appeal was dismissed. en-us Tue, 14 Mar 2023 00:00:00 +0530 Thu, 16 Mar 2023 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435327 The Tribunal upheld the Assessing Officer's additions in most categories but granted partial relief in some instances. The Tribunal ruled that interest on housing loans to employees and insurance claims are core shipping activity income. It held various receipts as related to core activities and not separately taxable. The Tribunal also addressed turnover calculations, disallowance of certain expenses, and the taxability of specific provisions. The appeal by the assessee was partly allowed, and the Revenue's appeal was dismissed. Case-Laws Income Tax Tue, 14 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435327