https://www.taxtmi.com/caselaws?id=334339 The Tribunal partly allowed the appeal, directing the AO to verify and allow the depreciation claim related to capital expenditure for setting up a hotel project. The disallowance of administrative expenses under Section 14A was deleted as the AO failed to provide reasons for disallowing more than the voluntary amount. Additionally, the addition of notional interest on a loan to a subsidiary was removed, as the subsidiary was financially incapable of paying it, and taxing hypothetical income was deemed impermissible. en-us Wed, 21 Sep 2016 00:00:00 +0530 Thu, 10 Nov 2016 17:45:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334339 The Tribunal partly allowed the appeal, directing the AO to verify and allow the depreciation claim related to capital expenditure for setting up a hotel project. The disallowance of administrative expenses under Section 14A was deleted as the AO failed to provide reasons for disallowing more than the voluntary amount. Additionally, the addition of notional interest on a loan to a subsidiary was removed, as the subsidiary was financially incapable of paying it, and taxing hypothetical income was deemed impermissible. Case-Laws Income Tax Wed, 21 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334339