https://www.taxtmi.com/caselaws?id=309727 The Tribunal dismissed both the assessee's and Revenue's appeals. The foreman's dividend was treated as income, disallowance under Rule 8D r.w.s. 14A was upheld, disallowed bad debts were deleted, and royalty payment was treated as revenue expenditure. The Tribunal relied on precedent in confirming these decisions, resulting in the dismissal of both appeals. en-us Fri, 30 Mar 2012 00:00:00 +0530 Tue, 19 Sep 2023 15:10:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309727 The Tribunal dismissed both the assessee's and Revenue's appeals. The foreman's dividend was treated as income, disallowance under Rule 8D r.w.s. 14A was upheld, disallowed bad debts were deleted, and royalty payment was treated as revenue expenditure. The Tribunal relied on precedent in confirming these decisions, resulting in the dismissal of both appeals. Case-Laws Income Tax Fri, 30 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309727