https://www.taxtmi.com/caselaws?id=253956 The Tribunal allowed the appeal in ITA No. 841/Hyd/12, upholding the disallowance under Section 14A but invalidating the revision of the assessment order under Section 263 for the valuation of closing stock and initiation of penalty proceedings. Additionally, in ITA No. 1176/Hyd/12, the appeal was allowed, deleting the addition of Rs. 58,10,000 as notional interest income. en-us Wed, 03 Dec 2014 00:00:00 +0530 Tue, 09 Dec 2014 06:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253956 The Tribunal allowed the appeal in ITA No. 841/Hyd/12, upholding the disallowance under Section 14A but invalidating the revision of the assessment order under Section 263 for the valuation of closing stock and initiation of penalty proceedings. Additionally, in ITA No. 1176/Hyd/12, the appeal was allowed, deleting the addition of Rs. 58,10,000 as notional interest income. Case-Laws Income Tax Wed, 03 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253956