https://www.taxtmi.com/caselaws?id=338848 The Tribunal partly allowed the appeal, remitting specific issues for fresh adjudication while confirming or adjusting others. Disallowances under Sections 69A, 40(a)(ia), 23(4)(b), and various heads of expenditure were upheld due to lack of evidence or non-compliance with tax provisions. However, additions under Section 41(1) for cessation of liability and disallowance of municipal taxes were deleted as liabilities were still reflected and supporting documents were absent. The Tribunal remitted the issue of accrued interest on HDFC bonds back to the AO to avoid double taxation and directed fresh consideration on disallowance of foreign travel expenses by the CIT(A). Interest charged under Sections 234B and 234C was dismissed as consequential. en-us Wed, 08 Feb 2017 00:00:00 +0530 Mon, 13 Feb 2017 10:04:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338848 The Tribunal partly allowed the appeal, remitting specific issues for fresh adjudication while confirming or adjusting others. Disallowances under Sections 69A, 40(a)(ia), 23(4)(b), and various heads of expenditure were upheld due to lack of evidence or non-compliance with tax provisions. However, additions under Section 41(1) for cessation of liability and disallowance of municipal taxes were deleted as liabilities were still reflected and supporting documents were absent. The Tribunal remitted the issue of accrued interest on HDFC bonds back to the AO to avoid double taxation and directed fresh consideration on disallowance of foreign travel expenses by the CIT(A). Interest charged under Sections 234B and 234C was dismissed as consequential. Case-Laws Income Tax Wed, 08 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338848