https://www.taxtmi.com/caselaws?id=263928 The appeals filed by the appellant were allowed for statistical purposes by the Tribunal. The disallowance under section 14A related to investment in share application money was not upheld, as the Tribunal held that no disallowance should be made in respect of such investments. Additionally, the disallowance of vehicle expenses, petrol expenses, and depreciation on a motor car for non-business purposes was reversed, with the Tribunal directing the AO to allow these expenditures. The issue of set-off of brought forward business losses was remanded back to the AO for verification, ensuring the appellant's claim is properly assessed and allowed in accordance with the law. en-us Wed, 10 Jun 2015 00:00:00 +0530 Mon, 14 Sep 2015 06:57:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263928 The appeals filed by the appellant were allowed for statistical purposes by the Tribunal. The disallowance under section 14A related to investment in share application money was not upheld, as the Tribunal held that no disallowance should be made in respect of such investments. Additionally, the disallowance of vehicle expenses, petrol expenses, and depreciation on a motor car for non-business purposes was reversed, with the Tribunal directing the AO to allow these expenditures. The issue of set-off of brought forward business losses was remanded back to the AO for verification, ensuring the appellant's claim is properly assessed and allowed in accordance with the law. Case-Laws Income Tax Wed, 10 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263928