https://www.taxtmi.com/caselaws?id=236766 The Tribunal partly allowed the appeals, directing the Assessing Officer to recompute adjustments like TP guarantee commission, notional interest, and disallowances under Rule 8D for earning exempted income. Issues regarding expenses disallowance and deduction under Section 35-D were dismissed due to lack of advocacy. The Tribunal also instructed fresh verification on the disallowance of sundry old balances written off for one assessment year. The decisions were based on previous rulings and aimed at ensuring reasonable and substantiated adjustments. en-us Wed, 07 Aug 2013 00:00:00 +0530 Sat, 07 Sep 2013 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236766 The Tribunal partly allowed the appeals, directing the Assessing Officer to recompute adjustments like TP guarantee commission, notional interest, and disallowances under Rule 8D for earning exempted income. Issues regarding expenses disallowance and deduction under Section 35-D were dismissed due to lack of advocacy. The Tribunal also instructed fresh verification on the disallowance of sundry old balances written off for one assessment year. The decisions were based on previous rulings and aimed at ensuring reasonable and substantiated adjustments. Case-Laws Income Tax Wed, 07 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236766