https://www.taxtmi.com/caselaws?id=268559 The Revenue's appeal was dismissed in the case. The Tribunal upheld the CIT(A)'s decisions on various grounds, including disallowance of NSE penalty, interest under section 36(1)(iii), bad debt disallowance, brokerage rebate disallowance, and provision for leave encashment. The Tribunal partially allowed the assessee's appeal on Section 14A disallowance, deleting interest disallowance but confirming administrative expenses disallowance. Additionally, the Tribunal allowed depreciation on the Stock Exchange card but remitted the Section 40(a)(ia) disallowance issue back to the Assessing Officer for verification, resulting in a partial allowance of the appeal. en-us Fri, 06 Nov 2015 00:00:00 +0530 Fri, 27 Nov 2015 23:51:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268559 The Revenue's appeal was dismissed in the case. The Tribunal upheld the CIT(A)'s decisions on various grounds, including disallowance of NSE penalty, interest under section 36(1)(iii), bad debt disallowance, brokerage rebate disallowance, and provision for leave encashment. The Tribunal partially allowed the assessee's appeal on Section 14A disallowance, deleting interest disallowance but confirming administrative expenses disallowance. Additionally, the Tribunal allowed depreciation on the Stock Exchange card but remitted the Section 40(a)(ia) disallowance issue back to the Assessing Officer for verification, resulting in a partial allowance of the appeal. Case-Laws Income Tax Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268559