https://www.taxtmi.com/caselaws?id=264442 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal. The decision favored the assessee on various grounds, including disallowance of expenses on actual payment basis, addition under Section 41(1) of the Income Tax Act, disallowance of administrative expenses under Section 14A, and penalty proceedings under Section 271(1)(c). The Tribunal upheld the CIT(A)'s decisions based on precedents from earlier assessment years, restricting disallowances and dismissing the Revenue's appeals. en-us Tue, 01 Sep 2015 00:00:00 +0530 Wed, 23 Sep 2015 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264442 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal. The decision favored the assessee on various grounds, including disallowance of expenses on actual payment basis, addition under Section 41(1) of the Income Tax Act, disallowance of administrative expenses under Section 14A, and penalty proceedings under Section 271(1)(c). The Tribunal upheld the CIT(A)'s decisions based on precedents from earlier assessment years, restricting disallowances and dismissing the Revenue's appeals. Case-Laws Income Tax Tue, 01 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264442