https://www.taxtmi.com/caselaws?id=209790 The appeal was partly allowed as the tribunal found merit in the assessee's arguments regarding various disallowances. The disallowance of bonus payment under Section 43B was overturned as the evidence was provided before the authorities. The disallowance of interest under Section 14A was deleted based on the source of funds for investments. The denial of indexation benefit on the sale of preference shares was reversed, and adjustments under Section 115JB were invalidated due to the deletion of disallowances. The matter regarding non-reduction from net profit was remitted for a fresh adjudication by the CIT(A). en-us Fri, 08 Apr 2011 00:00:00 +0530 Wed, 08 Feb 2017 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209790 The appeal was partly allowed as the tribunal found merit in the assessee's arguments regarding various disallowances. The disallowance of bonus payment under Section 43B was overturned as the evidence was provided before the authorities. The disallowance of interest under Section 14A was deleted based on the source of funds for investments. The denial of indexation benefit on the sale of preference shares was reversed, and adjustments under Section 115JB were invalidated due to the deletion of disallowances. The matter regarding non-reduction from net profit was remitted for a fresh adjudication by the CIT(A). Case-Laws Income Tax Fri, 08 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209790