https://www.taxtmi.com/caselaws?id=233968 The Tribunal set aside the disallowance under Section 14A of the Income Tax Act for fresh adjudication by the Commissioner of Income Tax (Appeals) and directed a fund flow analysis. The Tribunal also restored the issue of unverifiable expenses to the Assessing Officer for verification and allowed the appeals for Assessment Years 2006-07 and 2007-08 for statistical purposes. For Assessment Year 2008-09, the disallowance under Section 14A and unverifiable expenses were partly confirmed, subject to verification of work-in-progress. en-us Wed, 15 May 2013 00:00:00 +0530 Thu, 23 May 2013 09:53:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233968 The Tribunal set aside the disallowance under Section 14A of the Income Tax Act for fresh adjudication by the Commissioner of Income Tax (Appeals) and directed a fund flow analysis. The Tribunal also restored the issue of unverifiable expenses to the Assessing Officer for verification and allowed the appeals for Assessment Years 2006-07 and 2007-08 for statistical purposes. For Assessment Year 2008-09, the disallowance under Section 14A and unverifiable expenses were partly confirmed, subject to verification of work-in-progress. Case-Laws Income Tax Wed, 15 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233968