https://www.taxtmi.com/caselaws?id=206333 The Tribunal dismissed the department's appeal on issues 1, 2, 3, 4, and 5, upholding the CIT(A)'s decisions that the expenses were revenue in nature and allowable. Issue 6 regarding foreign travel expenses was remanded to the AO for further verification. The Tribunal allowed the assessee's cross objection on issue 7, directing the CIT(A) to reconsider the disallowance under Section 14A and Rule 8D in line with the Bombay High Court's ruling. The final order was pronounced on 28.7.2011. en-us Thu, 28 Jul 2011 00:00:00 +0530 Mon, 24 Oct 2011 07:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206333 The Tribunal dismissed the department's appeal on issues 1, 2, 3, 4, and 5, upholding the CIT(A)'s decisions that the expenses were revenue in nature and allowable. Issue 6 regarding foreign travel expenses was remanded to the AO for further verification. The Tribunal allowed the assessee's cross objection on issue 7, directing the CIT(A) to reconsider the disallowance under Section 14A and Rule 8D in line with the Bombay High Court's ruling. The final order was pronounced on 28.7.2011. Case-Laws Income Tax Thu, 28 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206333