https://www.taxtmi.com/caselaws?id=271632 The Tribunal partially allowed the appeal by setting aside the disallowance made under section 40(a)(ia) of the Income Tax Act, deleting the addition of Rs. 1,38,30,000. The Tribunal rejected the grounds related to the initiation of penalty proceedings under section 271(1)(c) and the levy of interest under sections 234B, 234C, and 234D. The decision was announced on 11/9/2015. en-us Fri, 11 Sep 2015 00:00:00 +0530 Thu, 11 Feb 2016 01:12:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271632 The Tribunal partially allowed the appeal by setting aside the disallowance made under section 40(a)(ia) of the Income Tax Act, deleting the addition of Rs. 1,38,30,000. The Tribunal rejected the grounds related to the initiation of penalty proceedings under section 271(1)(c) and the levy of interest under sections 234B, 234C, and 234D. The decision was announced on 11/9/2015. Case-Laws Income Tax Fri, 11 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271632