https://www.taxtmi.com/caselaws?id=243197 The Tribunal allowed the assessee's method of net interest calculation under section 14A, finding it appropriate and recognizing the averaging method. Adhoc disallowance of administrative expenses and professional fees were upheld due to lack of evidence. However, the Tribunal directed the Assessing Officer to consider only the profits of the eligible business for deduction under section 80HHE. Expenses related to discontinued stock broking activities were disallowed, and depreciation on a scanner was disallowed for lack of evidence. The Tribunal partly allowed both appeals, with no order as to costs, in a decision pronounced on 13th April 2011. en-us Wed, 13 Apr 2011 00:00:00 +0530 Mon, 27 Jan 2014 22:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243197 The Tribunal allowed the assessee's method of net interest calculation under section 14A, finding it appropriate and recognizing the averaging method. Adhoc disallowance of administrative expenses and professional fees were upheld due to lack of evidence. However, the Tribunal directed the Assessing Officer to consider only the profits of the eligible business for deduction under section 80HHE. Expenses related to discontinued stock broking activities were disallowed, and depreciation on a scanner was disallowed for lack of evidence. The Tribunal partly allowed both appeals, with no order as to costs, in a decision pronounced on 13th April 2011. Case-Laws Income Tax Wed, 13 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243197