https://www.taxtmi.com/caselaws?id=339300 The ITAT ruled in favor of the assessee on all three issues discussed: disallowance of consultancy charges, disallowance u/s.14A of the Act, and non-granting of deduction towards refurnishing. The expenses for consultancy charges were considered revenue in nature, disallowance u/s.14A was deleted based on fund analysis, and the AO was directed to reconsider the deduction issue. The judgment was pronounced on 10th February 2017. en-us Fri, 10 Feb 2017 00:00:00 +0530 Fri, 24 Feb 2017 12:07:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339300 The ITAT ruled in favor of the assessee on all three issues discussed: disallowance of consultancy charges, disallowance u/s.14A of the Act, and non-granting of deduction towards refurnishing. The expenses for consultancy charges were considered revenue in nature, disallowance u/s.14A was deleted based on fund analysis, and the AO was directed to reconsider the deduction issue. The judgment was pronounced on 10th February 2017. Case-Laws Income Tax Fri, 10 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339300