https://www.taxtmi.com/caselaws?id=249681 The Tribunal allowed the assessee's appeal on various grounds, remitting certain issues back to the Assessing Officer for verification. Disallowances under Sections 37(1) and 40A(3) were partially allowed, notional interest on interest-free advances was rejected, and disallowances of depreciation, payments to sub-contractors, and statutory charges were overturned. The Tribunal also allowed appeals on disallowances under Sections 40(a)(ia) and 14A, stating TDS issues did not apply to certain payments. Transfer pricing adjustments were rejected, emphasizing the nature of the transaction. The Tribunal's consolidated judgment favored the assessee and dismissed the revenue's appeal. en-us Fri, 06 Jun 2014 00:00:00 +0530 Mon, 14 Jul 2014 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249681 The Tribunal allowed the assessee's appeal on various grounds, remitting certain issues back to the Assessing Officer for verification. Disallowances under Sections 37(1) and 40A(3) were partially allowed, notional interest on interest-free advances was rejected, and disallowances of depreciation, payments to sub-contractors, and statutory charges were overturned. The Tribunal also allowed appeals on disallowances under Sections 40(a)(ia) and 14A, stating TDS issues did not apply to certain payments. Transfer pricing adjustments were rejected, emphasizing the nature of the transaction. The Tribunal's consolidated judgment favored the assessee and dismissed the revenue's appeal. Case-Laws Income Tax Fri, 06 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249681