https://www.taxtmi.com/caselaws?id=206148 The appeal filed by the assessee was partly allowed, while the appeal filed by the Assessing Officer was dismissed. The Tribunal provided detailed reasoning for each issue, ensuring that legal principles and precedents were appropriately applied. The disallowance under section 40(a)(ia) of the Income Tax Act was upheld, disallowance under section 14A was remanded for fresh determination, adhoc disallowance of 10% on various expenses was deleted, disallowance of 1/10th on motor car and telephone expenses was not pressed, deletion of addition on account of commission was upheld, and deletion of addition on account of loan processing fee was also upheld. en-us Fri, 29 Oct 2010 00:00:00 +0530 Mon, 08 Jul 2013 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206148 The appeal filed by the assessee was partly allowed, while the appeal filed by the Assessing Officer was dismissed. The Tribunal provided detailed reasoning for each issue, ensuring that legal principles and precedents were appropriately applied. The disallowance under section 40(a)(ia) of the Income Tax Act was upheld, disallowance under section 14A was remanded for fresh determination, adhoc disallowance of 10% on various expenses was deleted, disallowance of 1/10th on motor car and telephone expenses was not pressed, deletion of addition on account of commission was upheld, and deletion of addition on account of loan processing fee was also upheld. Case-Laws Income Tax Fri, 29 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206148