https://www.taxtmi.com/caselaws?id=242402 The Tribunal partially allowed the appeals, setting aside certain orders for reconsideration while upholding others based on legal precedents. The Assessing Officer's disallowance under Section 14A was set aside, directing a reasonable disallowance without Rule 8D. The denial of exemption under Section 10(35) was remanded for proper adjudication. Disallowance of depreciation was overturned, allowing the deduction. The denial of adjustment of carry forward of excess application of income was remitted for reconsideration due to pending assessments. The levy of interest under Section 234D was upheld as mandatory. en-us Wed, 21 Nov 2012 00:00:00 +0530 Tue, 14 Jan 2014 11:52:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242402 The Tribunal partially allowed the appeals, setting aside certain orders for reconsideration while upholding others based on legal precedents. The Assessing Officer's disallowance under Section 14A was set aside, directing a reasonable disallowance without Rule 8D. The denial of exemption under Section 10(35) was remanded for proper adjudication. Disallowance of depreciation was overturned, allowing the deduction. The denial of adjustment of carry forward of excess application of income was remitted for reconsideration due to pending assessments. The levy of interest under Section 234D was upheld as mandatory. Case-Laws Income Tax Wed, 21 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242402