https://www.taxtmi.com/caselaws?id=214388 The Tribunal allowed the appeal for statistical purposes, remitting the Rs. 91,23,91,013 adjustment issue back to the AO for fresh adjudication. Disallowances under Sections 40A(3) and 40(a)(ia) and the levy of interest under Sections 234B and 234D were dismissed as infructuous. The AO was directed to re-examine the overall losses claimed by the appellant and issue a speaking order after giving the appellant an opportunity to be heard. en-us Fri, 22 Jun 2012 00:00:00 +0530 Thu, 14 Apr 2016 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214388 The Tribunal allowed the appeal for statistical purposes, remitting the Rs. 91,23,91,013 adjustment issue back to the AO for fresh adjudication. Disallowances under Sections 40A(3) and 40(a)(ia) and the levy of interest under Sections 234B and 234D were dismissed as infructuous. The AO was directed to re-examine the overall losses claimed by the appellant and issue a speaking order after giving the appellant an opportunity to be heard. Case-Laws Income Tax Fri, 22 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214388