https://www.taxtmi.com/caselaws?id=249720 The Tribunal partly allowed the appeals filed by the Revenue and the assessee. Specific directions were given for various issues, including disallowance under Section 14A, deletion of addition on account of lease rentals, deletion of estimated addition of Rs. 10 lakhs, granting credit for TDS, adhoc disallowance of Rs. 5 lakhs out of entertainment expenditure, levy of interest under Sections 234B and 234D, and claim of interest under Section 244A. The Tribunal emphasized adherence to legal precedents and proper application of the Income Tax Act provisions in its order pronounced on 21st May 2014. en-us Wed, 21 May 2014 00:00:00 +0530 Tue, 22 Jul 2014 16:55:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249720 The Tribunal partly allowed the appeals filed by the Revenue and the assessee. Specific directions were given for various issues, including disallowance under Section 14A, deletion of addition on account of lease rentals, deletion of estimated addition of Rs. 10 lakhs, granting credit for TDS, adhoc disallowance of Rs. 5 lakhs out of entertainment expenditure, levy of interest under Sections 234B and 234D, and claim of interest under Section 244A. The Tribunal emphasized adherence to legal precedents and proper application of the Income Tax Act provisions in its order pronounced on 21st May 2014. Case-Laws Income Tax Wed, 21 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249720