https://www.taxtmi.com/caselaws?id=59577 The Tribunal partly allowed the assessee's appeal, partly allowed the Revenue's appeal, and dismissed the Revenue's appeal. The issues involved included the determination of short-term capital gain and long-term capital loss, disallowance of motor car and telephone expenses, initiation of penalty proceedings under Section 271(1)(c), addition under Section 41(1) on account of credit balance written off, disallowance of bad debts, disallowance of foreign travel expenses, and rectification under Section 154 for double addition. The Tribunal made various decisions on these issues, including remanding some back to the assessing officer for fresh verification. en-us Wed, 30 Sep 2009 00:00:00 +0530 Fri, 27 Jul 2012 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59577 The Tribunal partly allowed the assessee's appeal, partly allowed the Revenue's appeal, and dismissed the Revenue's appeal. The issues involved included the determination of short-term capital gain and long-term capital loss, disallowance of motor car and telephone expenses, initiation of penalty proceedings under Section 271(1)(c), addition under Section 41(1) on account of credit balance written off, disallowance of bad debts, disallowance of foreign travel expenses, and rectification under Section 154 for double addition. The Tribunal made various decisions on these issues, including remanding some back to the assessing officer for fresh verification. Case-Laws Income Tax Wed, 30 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59577