https://www.taxtmi.com/caselaws?id=338744 The Tribunal ruled in favor of the assessee on the issues of disallowance under Section 14A, addition under "Sundry Balances Written Off," and "Insurance Claim Written Off." However, it upheld the AO's decision on the addition of Rs. 5 crores on account of bogus expenditure. The issues of levy of interest and penalties were considered consequential or premature. Appeals filed by the assessee were partly allowed, and the appeal of the AO was allowed. en-us Wed, 08 Feb 2017 00:00:00 +0530 Fri, 15 Dec 2017 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338744 The Tribunal ruled in favor of the assessee on the issues of disallowance under Section 14A, addition under "Sundry Balances Written Off," and "Insurance Claim Written Off." However, it upheld the AO's decision on the addition of Rs. 5 crores on account of bogus expenditure. The issues of levy of interest and penalties were considered consequential or premature. Appeals filed by the assessee were partly allowed, and the appeal of the AO was allowed. Case-Laws Income Tax Wed, 08 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338744