https://www.taxtmi.com/caselaws?id=333299 The Tribunal upheld the CIT(A)'s decision to delete the addition of accrued interest on deep discount bonds for AY 2004-05, based on precedent. The disallowance of expenses under Section 14A of the IT Act was set aside for fresh assessment. Various other issues, including interest expenses and statutory interest charges, were addressed. Ultimately, Revenue's appeal and one of the assessee's appeals were dismissed, while another appeal was partly allowed for statistical purposes. en-us Fri, 12 Aug 2016 00:00:00 +0530 Thu, 29 Sep 2016 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333299 The Tribunal upheld the CIT(A)'s decision to delete the addition of accrued interest on deep discount bonds for AY 2004-05, based on precedent. The disallowance of expenses under Section 14A of the IT Act was set aside for fresh assessment. Various other issues, including interest expenses and statutory interest charges, were addressed. Ultimately, Revenue's appeal and one of the assessee's appeals were dismissed, while another appeal was partly allowed for statistical purposes. Case-Laws Income Tax Fri, 12 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333299