https://www.taxtmi.com/caselaws?id=205389 The Tribunal remanded the matter back to the Assessing Officer for reevaluation based on a recent judgment regarding disallowance under section 14A for interest and administrative expenses for the assessment year 2002-2003. Discrepancies in disallowance amounts led to a fresh decision being directed by the Tribunal for interest expenses and premium on debentures. For the assessment year 2003-2004, a reassessment was ordered in line with the same judgment. Regarding the taxability of interest on income-tax refund for the assessment year 2001-2002 in 2003-2004, the Tribunal held it taxable in the year granted. Disallowance under section 14A for administrative expenses and interest on an interest-free advance was partly allowed for the assessment year 2004-2005. en-us Wed, 27 Oct 2010 00:00:00 +0530 Mon, 05 Sep 2011 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205389 The Tribunal remanded the matter back to the Assessing Officer for reevaluation based on a recent judgment regarding disallowance under section 14A for interest and administrative expenses for the assessment year 2002-2003. Discrepancies in disallowance amounts led to a fresh decision being directed by the Tribunal for interest expenses and premium on debentures. For the assessment year 2003-2004, a reassessment was ordered in line with the same judgment. Regarding the taxability of interest on income-tax refund for the assessment year 2001-2002 in 2003-2004, the Tribunal held it taxable in the year granted. Disallowance under section 14A for administrative expenses and interest on an interest-free advance was partly allowed for the assessment year 2004-2005. Case-Laws Income Tax Wed, 27 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205389