https://www.taxtmi.com/caselaws?id=260487 The Tribunal partially allowed the appeal regarding disallowance under section 14A of the Income-tax Act, determining a reasonable disallowance of 4% of exempt income. In the case of addition to closing stock under section 145A, discrepancies in the Panel's approach led to setting aside the order for reassessment. The incorrect calculation of total income from business was noted without specific resolution details. The discrepancy in tax credit granted and interest charged under sections 234C and 234D were not elaborated upon in the summary provided by the Tribunal. en-us Fri, 20 Feb 2015 00:00:00 +0530 Mon, 15 Jun 2015 06:45:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260487 The Tribunal partially allowed the appeal regarding disallowance under section 14A of the Income-tax Act, determining a reasonable disallowance of 4% of exempt income. In the case of addition to closing stock under section 145A, discrepancies in the Panel's approach led to setting aside the order for reassessment. The incorrect calculation of total income from business was noted without specific resolution details. The discrepancy in tax credit granted and interest charged under sections 234C and 234D were not elaborated upon in the summary provided by the Tribunal. Case-Laws Income Tax Fri, 20 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260487