https://www.taxtmi.com/caselaws?id=180950 The Appellate Tribunal set aside the case to the Assessing Officer for fresh adjudication on the addition of share application money under section 68 of the Income Tax Act. The Tribunal directed the AO to confront the appellant with all relevant information and provide an opportunity for cross-examination. Regarding the addition under section 14A, the Tribunal partially allowed the appeal, disagreeing with the disallowance of interest expenditure but allowing an ad hoc disallowance for administrative expenses. en-us Fri, 29 Jan 2016 00:00:00 +0530 Tue, 05 Apr 2016 10:21:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180950 The Appellate Tribunal set aside the case to the Assessing Officer for fresh adjudication on the addition of share application money under section 68 of the Income Tax Act. The Tribunal directed the AO to confront the appellant with all relevant information and provide an opportunity for cross-examination. Regarding the addition under section 14A, the Tribunal partially allowed the appeal, disagreeing with the disallowance of interest expenditure but allowing an ad hoc disallowance for administrative expenses. Case-Laws Income Tax Fri, 29 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180950