https://www.taxtmi.com/caselaws?id=185392 The appeal of the assessee was partly allowed, with certain matters remanded back to the AO for fresh determination, while other disallowances were affirmed due to lack of evidence or settled law. The Tribunal referred to the Bombay High Court's decision in the case of Godrej & Boyce Mfg. Co. Ltd. for guidance on the disallowance of interest under section 14A. The Tribunal also upheld the AO's decision on the disallowance of staff welfare expenses and the determination of book profits under section 115JB. en-us Fri, 31 Dec 2010 00:00:00 +0530 Thu, 11 Aug 2016 11:06:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185392 The appeal of the assessee was partly allowed, with certain matters remanded back to the AO for fresh determination, while other disallowances were affirmed due to lack of evidence or settled law. The Tribunal referred to the Bombay High Court's decision in the case of Godrej & Boyce Mfg. Co. Ltd. for guidance on the disallowance of interest under section 14A. The Tribunal also upheld the AO's decision on the disallowance of staff welfare expenses and the determination of book profits under section 115JB. Case-Laws Income Tax Fri, 31 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185392