https://www.taxtmi.com/caselaws?id=307091 The Tribunal upheld the CIT(A)'s findings, dismissing the Revenue's appeal regarding the applicability of Tonnage Tax Provisions to sundry credit balance written back, excess provisions written back, and other incomes, stating they should be taxed under the Tonnage Tax Scheme. The Tribunal directed the AO to reevaluate the inclusion of certain sundry receipts as income from core activities and to determine turnover calculation after examining the taxability of specific receipts. The Tribunal allowed the assessee's appeal on administrative expenses disallowance partially and dismissed the issue of short TDS claim. en-us Wed, 19 Aug 2015 00:00:00 +0530 Fri, 17 Mar 2023 21:47:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307091 The Tribunal upheld the CIT(A)'s findings, dismissing the Revenue's appeal regarding the applicability of Tonnage Tax Provisions to sundry credit balance written back, excess provisions written back, and other incomes, stating they should be taxed under the Tonnage Tax Scheme. The Tribunal directed the AO to reevaluate the inclusion of certain sundry receipts as income from core activities and to determine turnover calculation after examining the taxability of specific receipts. The Tribunal allowed the assessee's appeal on administrative expenses disallowance partially and dismissed the issue of short TDS claim. Case-Laws Income Tax Wed, 19 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307091