https://www.taxtmi.com/caselaws?id=437061 The tribunal allowed the assessee's appeal regarding the deduction under Section 35D for the Steel Division sold, standard rent determination, disallowance under Section 14A for interest on borrowed funds, and transfer pricing adjustment for commission paid to AE. The tribunal dismissed the assessee's appeal on the provision for doubtful debt under Section 115JB. The revenue's appeal on determining standard rent of the property was allowed, while the increase of book profit by provision for redemption of debentures was dismissed. Overall, both the assessee and revenue appeals were partly allowed based on consistency with previous decisions and detailed analysis. en-us Mon, 14 Nov 2022 00:00:00 +0530 Wed, 26 Apr 2023 09:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437061 The tribunal allowed the assessee's appeal regarding the deduction under Section 35D for the Steel Division sold, standard rent determination, disallowance under Section 14A for interest on borrowed funds, and transfer pricing adjustment for commission paid to AE. The tribunal dismissed the assessee's appeal on the provision for doubtful debt under Section 115JB. The revenue's appeal on determining standard rent of the property was allowed, while the increase of book profit by provision for redemption of debentures was dismissed. Overall, both the assessee and revenue appeals were partly allowed based on consistency with previous decisions and detailed analysis. Case-Laws Income Tax Mon, 14 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437061