https://www.taxtmi.com/caselaws?id=267101 The Tribunal partly allowed the appeals for AYs 2007-08 and 2008-09. Various issues such as disallowance under Section 14A, depreciation on certain assets, transfer pricing adjustment, and expenditure treatment were addressed. The Tribunal upheld some disallowances while allowing others, providing detailed reasoning for each decision. The initiation of penalty proceedings was deemed premature, and certain additional grounds were not pursued. The Tribunal directed the AO to verify claims related to refunds, TDS credit, and interest levies. The order was pronounced on 23rd September 2015. en-us Wed, 23 Sep 2015 00:00:00 +0530 Thu, 29 Oct 2015 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267101 The Tribunal partly allowed the appeals for AYs 2007-08 and 2008-09. Various issues such as disallowance under Section 14A, depreciation on certain assets, transfer pricing adjustment, and expenditure treatment were addressed. The Tribunal upheld some disallowances while allowing others, providing detailed reasoning for each decision. The initiation of penalty proceedings was deemed premature, and certain additional grounds were not pursued. The Tribunal directed the AO to verify claims related to refunds, TDS credit, and interest levies. The order was pronounced on 23rd September 2015. Case-Laws Income Tax Wed, 23 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267101