https://www.taxtmi.com/caselaws?id=335756 The tribunal partly allowed the assessee's appeal and dismissed the Revenue's appeal. The disallowance of expenses to increase authorized share capital was upheld. However, the disallowance of the TDS reconciliation amount was deleted as per the amended statutory provision. The disallowance under Section 14A for interest and administrative expenses was also overturned due to lack of administrative expenditure evidence. The tribunal rejected the Revenue's cross-appeal for enhanced deduction under Section 35B, citing insufficient tax effect and lack of merit in the arguments. The judgment was delivered on November 30, 2016. en-us Wed, 30 Nov 2016 00:00:00 +0530 Thu, 08 Dec 2016 21:10:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335756 The tribunal partly allowed the assessee's appeal and dismissed the Revenue's appeal. The disallowance of expenses to increase authorized share capital was upheld. However, the disallowance of the TDS reconciliation amount was deleted as per the amended statutory provision. The disallowance under Section 14A for interest and administrative expenses was also overturned due to lack of administrative expenditure evidence. The tribunal rejected the Revenue's cross-appeal for enhanced deduction under Section 35B, citing insufficient tax effect and lack of merit in the arguments. The judgment was delivered on November 30, 2016. Case-Laws Income Tax Wed, 30 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335756