https://www.taxtmi.com/caselaws?id=236537 The appeal resulted in the partial allowance of the assessee's appeal and the revenue's appeal being partly allowed. The disallowance of interest expenses under section 14A was partly upheld, while the swap cost disallowance was remanded for verification. The taxability of interest accrued on securities not due for payment was ruled in favor of the assessee. The depreciation disallowance on leased assets was dismissed. The reduction of deduction under section 36(1)(vii) was reversed in favor of the assessee. The disallowance of loss on unmatured foreign exchange contracts was also overturned. en-us Wed, 03 Jul 2013 00:00:00 +0530 Fri, 12 Aug 2016 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236537 The appeal resulted in the partial allowance of the assessee's appeal and the revenue's appeal being partly allowed. The disallowance of interest expenses under section 14A was partly upheld, while the swap cost disallowance was remanded for verification. The taxability of interest accrued on securities not due for payment was ruled in favor of the assessee. The depreciation disallowance on leased assets was dismissed. The reduction of deduction under section 36(1)(vii) was reversed in favor of the assessee. The disallowance of loss on unmatured foreign exchange contracts was also overturned. Case-Laws Income Tax Wed, 03 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236537