https://www.taxtmi.com/caselaws?id=179296 Interest disallowance under section 14A had to be recomputed on a reasonable basis under the law then applicable, so the matter was sent back for fresh adjudication. Depreciation and capital gain adjustments linked to alleged sale of assets or shops were also remanded because the actual sale dates and stamp duty valuations were not properly verified, making the block-of-assets and section 50C calculations factually incomplete. The ad hoc packing material disallowance was reduced to a limited estimate of Rs. 50,000. Disallowance under section 40(a)(ia) was not warranted for TDS deposited within the time allowed under section 139(1), and only the restricted amount relating to educational cess was sustained. en-us Fri, 15 Jul 2011 00:00:00 +0530 Thu, 25 Feb 2016 16:46:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179296 Interest disallowance under section 14A had to be recomputed on a reasonable basis under the law then applicable, so the matter was sent back for fresh adjudication. Depreciation and capital gain adjustments linked to alleged sale of assets or shops were also remanded because the actual sale dates and stamp duty valuations were not properly verified, making the block-of-assets and section 50C calculations factually incomplete. The ad hoc packing material disallowance was reduced to a limited estimate of Rs. 50,000. Disallowance under section 40(a)(ia) was not warranted for TDS deposited within the time allowed under section 139(1), and only the restricted amount relating to educational cess was sustained. Case-Laws Income Tax Fri, 15 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179296