https://www.taxtmi.com/caselaws?id=269156 The tribunal allowed the assessee's appeal in part, reversing disallowances under Section 14A of the Income Tax Act and directing the AO to grant adjustments/refunds of Tax Deducted at Source. The tribunal upheld the disallowance of payments made under the Voluntary Retirement Scheme and loss on sales of stores and spares written off. Additionally, the tribunal directed the AO to allow the carry forward of business losses and confirmed the deletion of disallowance of prior period expenses. The revenue's appeal was entirely dismissed. en-us Wed, 02 Dec 2015 00:00:00 +0530 Wed, 09 Dec 2015 09:34:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269156 The tribunal allowed the assessee's appeal in part, reversing disallowances under Section 14A of the Income Tax Act and directing the AO to grant adjustments/refunds of Tax Deducted at Source. The tribunal upheld the disallowance of payments made under the Voluntary Retirement Scheme and loss on sales of stores and spares written off. Additionally, the tribunal directed the AO to allow the carry forward of business losses and confirmed the deletion of disallowance of prior period expenses. The revenue's appeal was entirely dismissed. Case-Laws Income Tax Wed, 02 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269156