https://www.taxtmi.com/caselaws?id=333787 The Tribunal allowed the assessee's claim for management fee disallowance, considering the approval by Central Government and RBI. It upheld the treatment of capital loss as long-term capital loss. The income from letting out a building was classified as "Income from House Property." Preference share issue expenses were allowed as revenue expenditure. The issue of disallowance under Section 14A was remitted for fresh consideration. Relief under Section 90 was remitted for verification. Interest expenditure disallowance was remitted for re-examination. Transfer pricing adjustments for corporate guarantees were deleted. Losses from forward contracts were remitted for review. The Tribunal emphasized proper verification and adherence to legal precedents, remitting most issues back to the AO for thorough examination. en-us Wed, 14 Sep 2016 00:00:00 +0530 Mon, 24 Oct 2016 10:17:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333787 The Tribunal allowed the assessee's claim for management fee disallowance, considering the approval by Central Government and RBI. It upheld the treatment of capital loss as long-term capital loss. The income from letting out a building was classified as "Income from House Property." Preference share issue expenses were allowed as revenue expenditure. The issue of disallowance under Section 14A was remitted for fresh consideration. Relief under Section 90 was remitted for verification. Interest expenditure disallowance was remitted for re-examination. Transfer pricing adjustments for corporate guarantees were deleted. Losses from forward contracts were remitted for review. The Tribunal emphasized proper verification and adherence to legal precedents, remitting most issues back to the AO for thorough examination. Case-Laws Income Tax Wed, 14 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333787