https://www.taxtmi.com/caselaws?id=237099 The Tribunal partly allowed the appeals filed by both the revenue and the assessee. The disallowance of interest expenditure under Section 14A was deleted, while the disallowance of administrative expenses was enhanced. The disallowance of interest expenses in respect of interest-free advances to a subsidiary company was deleted. The issue of disallowance of administrative expenses under Section 14A was remanded for a reasonable basis determination. The addition to book profits computed under Section 115JB was remanded for examination of actual expenditure incurred for adjustments. The Tribunal followed previous judgments and relevant High Court decisions in its rulings. en-us Wed, 13 Feb 2013 00:00:00 +0530 Wed, 18 Sep 2013 07:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237099 The Tribunal partly allowed the appeals filed by both the revenue and the assessee. The disallowance of interest expenditure under Section 14A was deleted, while the disallowance of administrative expenses was enhanced. The disallowance of interest expenses in respect of interest-free advances to a subsidiary company was deleted. The issue of disallowance of administrative expenses under Section 14A was remanded for a reasonable basis determination. The addition to book profits computed under Section 115JB was remanded for examination of actual expenditure incurred for adjustments. The Tribunal followed previous judgments and relevant High Court decisions in its rulings. Case-Laws Income Tax Wed, 13 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237099