https://www.taxtmi.com/caselaws?id=58413 The Tribunal rejected the claim for disallowed office expenses related to the purchase of actionable claims, stating it was not for the assessee's business but to aid a financially troubled individual. The disallowance of interest paid for delayed tax payment on distributed dividends was upheld, emphasizing tax payment delays were not justified by the assessee's financial position. The appeal against interest levy under specific sections was dismissed as no new arguments were presented. The Tribunal allowed the appeal in part regarding the treatment of brought forward capital loss under different heads, directing adjustment to benefit the assessee. en-us Mon, 04 Oct 1976 00:00:00 +0530 Sat, 18 Dec 2010 18:35:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58413 The Tribunal rejected the claim for disallowed office expenses related to the purchase of actionable claims, stating it was not for the assessee's business but to aid a financially troubled individual. The disallowance of interest paid for delayed tax payment on distributed dividends was upheld, emphasizing tax payment delays were not justified by the assessee's financial position. The appeal against interest levy under specific sections was dismissed as no new arguments were presented. The Tribunal allowed the appeal in part regarding the treatment of brought forward capital loss under different heads, directing adjustment to benefit the assessee. Case-Laws Income Tax Mon, 04 Oct 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58413