https://www.taxtmi.com/caselaws?id=179883 The Tribunal upheld the disallowance of interest under section 14A and brokerage/commission paid for lease/sale of space. The disallowance of interest was set aside for reassessment. Regarding brokerage/commission, deductions were denied as they were not covered under section 24 of the Income Tax Act. Precedents and legal provisions were considered, leading to a decision against allowing such expenses as deductions. The Tribunal ruled in favor of the Revenue, citing decisions from the Delhi High Court and Punjab and Haryana High Court. The appeal was partially allowed for statistical purposes. en-us Wed, 25 Apr 2012 00:00:00 +0530 Fri, 11 Mar 2016 14:36:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179883 The Tribunal upheld the disallowance of interest under section 14A and brokerage/commission paid for lease/sale of space. The disallowance of interest was set aside for reassessment. Regarding brokerage/commission, deductions were denied as they were not covered under section 24 of the Income Tax Act. Precedents and legal provisions were considered, leading to a decision against allowing such expenses as deductions. The Tribunal ruled in favor of the Revenue, citing decisions from the Delhi High Court and Punjab and Haryana High Court. The appeal was partially allowed for statistical purposes. Case-Laws Income Tax Wed, 25 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179883