https://www.taxtmi.com/caselaws?id=62359 The cross appeals for assessment years 2003-04 and 2004-05 were partly allowed. The Tribunal directed the Assessing Officer to reconsider the disallowance of interest under section 14A in light of rules framed for earning exempted income. Expenses claimed for delayed remittance of employees' provident fund contributions were allowed under section 43B. The Revenue's appeal on proportionate interest on investments in coffee was remitted for re-examination without a definitive finding on fund diversion. The appeals were treated as partly allowed for statistical purposes, with specific directions for reconsideration and deductions in certain cases. en-us Thu, 28 May 2009 00:00:00 +0530 Thu, 13 Jun 2013 09:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62359 The cross appeals for assessment years 2003-04 and 2004-05 were partly allowed. The Tribunal directed the Assessing Officer to reconsider the disallowance of interest under section 14A in light of rules framed for earning exempted income. Expenses claimed for delayed remittance of employees' provident fund contributions were allowed under section 43B. The Revenue's appeal on proportionate interest on investments in coffee was remitted for re-examination without a definitive finding on fund diversion. The appeals were treated as partly allowed for statistical purposes, with specific directions for reconsideration and deductions in certain cases. Case-Laws Income Tax Thu, 28 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62359