https://www.taxtmi.com/caselaws?id=241393 The tribunal allowed the appeal filed by the assessee, directing the AO to delete the disallowance of expenses on catalysts under section 40(a)(i) of the Income Tax Act, reconsider the addition to closing stock value under section 145A, restrict the disallowance under section 14A invoking Rule 8D to 2% of dividend income, ascertain and allow the employee's contribution to Provident Fund made within the grace period, and grant TDS credit in accordance with the law. Grounds No. 5 & 6 were not adjudicated as they were not pressed by the assessee. en-us Wed, 13 Mar 2013 00:00:00 +0530 Thu, 05 Dec 2013 15:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241393 The tribunal allowed the appeal filed by the assessee, directing the AO to delete the disallowance of expenses on catalysts under section 40(a)(i) of the Income Tax Act, reconsider the addition to closing stock value under section 145A, restrict the disallowance under section 14A invoking Rule 8D to 2% of dividend income, ascertain and allow the employee's contribution to Provident Fund made within the grace period, and grant TDS credit in accordance with the law. Grounds No. 5 & 6 were not adjudicated as they were not pressed by the assessee. Case-Laws Income Tax Wed, 13 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241393