https://www.taxtmi.com/caselaws?id=327091 The Tribunal partly allowed the assessee's appeals for AYs 2008-09 and 2010-11 and fully allowed the appeal for AY 2009-10. The adjustments proposed by the Transfer Pricing Officer were deleted as the Tribunal found the expenses were for the assessee's business interests, not the associated enterprises. The disallowance under Section 14A was restricted to Rs. 10 lakhs instead of the initial Rs. 45.67 lakhs. The issue regarding the deduction under Section 80IC was restored for further investigation and adjudication. The AO's appeal for AY 2009-10 was dismissed. en-us Wed, 27 Apr 2016 00:00:00 +0530 Tue, 03 May 2016 09:33:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327091 The Tribunal partly allowed the assessee's appeals for AYs 2008-09 and 2010-11 and fully allowed the appeal for AY 2009-10. The adjustments proposed by the Transfer Pricing Officer were deleted as the Tribunal found the expenses were for the assessee's business interests, not the associated enterprises. The disallowance under Section 14A was restricted to Rs. 10 lakhs instead of the initial Rs. 45.67 lakhs. The issue regarding the deduction under Section 80IC was restored for further investigation and adjudication. The AO's appeal for AY 2009-10 was dismissed. Case-Laws Income Tax Wed, 27 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327091