https://www.taxtmi.com/caselaws?id=256631 The Tribunal partly allowed the appeals, directing re-examination and re-computation on various issues. Disallowance of interest under Section 36(1)(iii) was not upheld due to advances being from the assessee's own funds. Disallowance under Section 14A was rejected as the assessee's own funds exceeded investments in tax-free securities. TP adjustments on export incentives and interest on loans/advances were deleted. TP adjustments on share application money and corporate guarantees were also deleted. The Tribunal directed re-examination of additions on account of bogus purchases and granting credit for TDS, along with re-computation of interest under Sections 234A, 234B, and 234C. en-us Fri, 06 Feb 2015 00:00:00 +0530 Tue, 17 Feb 2015 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256631 The Tribunal partly allowed the appeals, directing re-examination and re-computation on various issues. Disallowance of interest under Section 36(1)(iii) was not upheld due to advances being from the assessee's own funds. Disallowance under Section 14A was rejected as the assessee's own funds exceeded investments in tax-free securities. TP adjustments on export incentives and interest on loans/advances were deleted. TP adjustments on share application money and corporate guarantees were also deleted. The Tribunal directed re-examination of additions on account of bogus purchases and granting credit for TDS, along with re-computation of interest under Sections 234A, 234B, and 234C. Case-Laws Income Tax Fri, 06 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256631