https://www.taxtmi.com/caselaws?id=268736 The Tribunal held that advances received from clients by an individual engaged in the legal profession should not be taxed as income in the year of receipt, as they constitute liabilities until services are rendered. Disallowance under Section 40(a)(ia) for non-deduction of tax at source was partially upheld, with payments to certain individuals deemed as reimbursements. The Tribunal directed further examination on payments to receivers. Disallowance of license fees was dismissed. Personal expenses disallowance was restricted to 10%. Disallowance under Section 14A was deleted for not following proper procedure. Restriction of addition under Section 94(7) was upheld, limiting disallowance to dividend received. Assessee's appeals were partly allowed, appeal against Section 263 order was allowed, and departmental appeals were dismissed. en-us Fri, 06 Nov 2015 00:00:00 +0530 Tue, 01 Dec 2015 00:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268736 The Tribunal held that advances received from clients by an individual engaged in the legal profession should not be taxed as income in the year of receipt, as they constitute liabilities until services are rendered. Disallowance under Section 40(a)(ia) for non-deduction of tax at source was partially upheld, with payments to certain individuals deemed as reimbursements. The Tribunal directed further examination on payments to receivers. Disallowance of license fees was dismissed. Personal expenses disallowance was restricted to 10%. Disallowance under Section 14A was deleted for not following proper procedure. Restriction of addition under Section 94(7) was upheld, limiting disallowance to dividend received. Assessee's appeals were partly allowed, appeal against Section 263 order was allowed, and departmental appeals were dismissed. Case-Laws Income Tax Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268736