https://www.taxtmi.com/caselaws?id=248449 The Tribunal partly allowed the assessee's appeals for AY 2006-07 and AY 2007-08, adjusting disallowances under section 14A to 2% of exempt income and remanding various issues for fresh adjudication. The Tribunal upheld expenses as business expenditure under section 37, dismissed Revenue's appeals on foreign travel expenses, and remanded other issues for further examination, emphasizing principles of consistency and adherence to legal precedents. The appeals were partly allowed for statistical purposes, ensuring the assessee's right to present evidence and receive a fair decision. en-us Fri, 21 Feb 2014 00:00:00 +0530 Thu, 12 Jun 2014 12:36:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248449 The Tribunal partly allowed the assessee's appeals for AY 2006-07 and AY 2007-08, adjusting disallowances under section 14A to 2% of exempt income and remanding various issues for fresh adjudication. The Tribunal upheld expenses as business expenditure under section 37, dismissed Revenue's appeals on foreign travel expenses, and remanded other issues for further examination, emphasizing principles of consistency and adherence to legal precedents. The appeals were partly allowed for statistical purposes, ensuring the assessee's right to present evidence and receive a fair decision. Case-Laws Income Tax Fri, 21 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248449