https://www.taxtmi.com/caselaws?id=259737 The tribunal partly allowed the assessee's appeal regarding disallowance of commission expenses due to TDS non-deposit, citing retrospective effect of a relevant amendment. Disallowance under Section 14A was upheld, but remanded for further verification. Treatment of advances as income was subject to verification to prevent double taxation. The disallowance of bank interest was remanded for assessment in line with borrowing terms. The tribunal emphasized the importance of compliance with legal provisions in its order, allowing both appeals for statistical purposes. en-us Fri, 08 May 2015 00:00:00 +0530 Wed, 20 May 2015 07:56:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259737 The tribunal partly allowed the assessee's appeal regarding disallowance of commission expenses due to TDS non-deposit, citing retrospective effect of a relevant amendment. Disallowance under Section 14A was upheld, but remanded for further verification. Treatment of advances as income was subject to verification to prevent double taxation. The disallowance of bank interest was remanded for assessment in line with borrowing terms. The tribunal emphasized the importance of compliance with legal provisions in its order, allowing both appeals for statistical purposes. Case-Laws Income Tax Fri, 08 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259737