https://www.taxtmi.com/caselaws?id=252155 The tribunal upheld the deletion of additions related to loss on sale of investment and valuation of closing stock. The disallowance under Section 14A read with Rule 8D was restricted and remanded to the AO for proper verification. The disallowance related to TDS deducted and deposited on time was allowed in favor of the assessee based on retrospective application of the relevant provision. The issue of disallowance towards interest on late payment of TDS was dismissed as not pressed. The tribunal partially allowed appeals for statistical purposes, directing a fresh decision on certain issues. en-us Mon, 15 Sep 2014 00:00:00 +0530 Mon, 13 Oct 2014 07:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252155 The tribunal upheld the deletion of additions related to loss on sale of investment and valuation of closing stock. The disallowance under Section 14A read with Rule 8D was restricted and remanded to the AO for proper verification. The disallowance related to TDS deducted and deposited on time was allowed in favor of the assessee based on retrospective application of the relevant provision. The issue of disallowance towards interest on late payment of TDS was dismissed as not pressed. The tribunal partially allowed appeals for statistical purposes, directing a fresh decision on certain issues. Case-Laws Income Tax Mon, 15 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252155