https://www.taxtmi.com/caselaws?id=332378 The Tribunal partly allowed the appeals for statistical purposes, directing fresh verification on the deletion of "Financial Services Charges" under Section 40(a)(ia) of the IT Act. The disallowance under Section 14A read with Rule 8D was partially sustained, with administrative disallowance restricted to Rs. 30,000. The deletion of the disallowance out of staff and labour welfare expenses was upheld. The decisions were applied to identical grounds in other appeals for assessment years 2010-11 and 2011-12. en-us Thu, 04 Aug 2016 00:00:00 +0530 Fri, 16 Sep 2016 11:35:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332378 The Tribunal partly allowed the appeals for statistical purposes, directing fresh verification on the deletion of "Financial Services Charges" under Section 40(a)(ia) of the IT Act. The disallowance under Section 14A read with Rule 8D was partially sustained, with administrative disallowance restricted to Rs. 30,000. The deletion of the disallowance out of staff and labour welfare expenses was upheld. The decisions were applied to identical grounds in other appeals for assessment years 2010-11 and 2011-12. Case-Laws Income Tax Thu, 04 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332378