https://www.taxtmi.com/caselaws?id=266779 The Tribunal partly allowed the assessee's appeal and dismissed the revenue's appeal. The Tribunal directed the AO to delete the interest disallowance made under section 14A of the Act, disallowing only administrative expenses. It upheld the disallowance of foreign travel expenses and the assessment of rental income and service charges. The Tribunal directed the AO to allow the deduction pertaining to the IFFCO arbitration claim and to delete the additions made under section 92CA for purchases from Associated Enterprises and Corporate Guarantee fee. Additionally, it upheld the deduction claims for various power units and allowed exemption on gross interest received from DHIL under section 10(23G). en-us Wed, 16 Sep 2015 00:00:00 +0530 Tue, 15 Dec 2015 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266779 The Tribunal partly allowed the assessee's appeal and dismissed the revenue's appeal. The Tribunal directed the AO to delete the interest disallowance made under section 14A of the Act, disallowing only administrative expenses. It upheld the disallowance of foreign travel expenses and the assessment of rental income and service charges. The Tribunal directed the AO to allow the deduction pertaining to the IFFCO arbitration claim and to delete the additions made under section 92CA for purchases from Associated Enterprises and Corporate Guarantee fee. Additionally, it upheld the deduction claims for various power units and allowed exemption on gross interest received from DHIL under section 10(23G). Case-Laws Income Tax Wed, 16 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266779