https://www.taxtmi.com/caselaws?id=244145 The Tribunal allowed the assessee's appeal in part, concerning the disallowance of interest under Section 36(1)(iii) of the Income Tax Act. The disallowance of interest paid to various banks for loans was either deleted or set aside for fresh assessment. The Tribunal also ruled in favor of the assessee regarding the taxability of management fees received from Kamat Hotels (India) Ltd, treating it as business income rather than income from house property. The issue of disallowance under Section 14A read with Rule 8D was set aside for a fresh decision without applying Rule 8D. The department's appeal was allowed for statistical purposes. en-us Fri, 13 Sep 2013 00:00:00 +0530 Wed, 19 Feb 2014 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244145 The Tribunal allowed the assessee's appeal in part, concerning the disallowance of interest under Section 36(1)(iii) of the Income Tax Act. The disallowance of interest paid to various banks for loans was either deleted or set aside for fresh assessment. The Tribunal also ruled in favor of the assessee regarding the taxability of management fees received from Kamat Hotels (India) Ltd, treating it as business income rather than income from house property. The issue of disallowance under Section 14A read with Rule 8D was set aside for a fresh decision without applying Rule 8D. The department's appeal was allowed for statistical purposes. Case-Laws Income Tax Fri, 13 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244145