https://www.taxtmi.com/caselaws?id=176571 The Tribunal held that the management fees received from Kamat Hotels (India) Limited should be treated as business income, emphasizing consistency with earlier decisions. The issue of disallowance under Section 14A was remanded to the Assessing Officer for reconsideration following a High Court judgment. The addition of notional interest on an interest-free deposit was dismissed as the income was determined to be business income. The appeals were partly allowed for statistical purposes, with directions for further examination by the Assessing Officer as needed. en-us Fri, 25 Jul 2014 00:00:00 +0530 Thu, 24 Dec 2015 23:11:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176571 The Tribunal held that the management fees received from Kamat Hotels (India) Limited should be treated as business income, emphasizing consistency with earlier decisions. The issue of disallowance under Section 14A was remanded to the Assessing Officer for reconsideration following a High Court judgment. The addition of notional interest on an interest-free deposit was dismissed as the income was determined to be business income. The appeals were partly allowed for statistical purposes, with directions for further examination by the Assessing Officer as needed. Case-Laws Income Tax Fri, 25 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176571