https://www.taxtmi.com/caselaws?id=339394 The Tribunal partly allowed the assessee's appeal and dismissed the Revenue's appeal. The disallowance under section 14A was restricted to a specific amount based on the Income Tax Settlement Commission's order. The disallowance of expenses for non-deduction of TDS under section 40a(ia) was set aside in favor of the assessee following the Settlement Commission's directive. The issue of reducing investment value in the balance sheet for brokerage expenses was remanded to the AO for further verification regarding capitalization and TDS treatment. en-us Fri, 17 Feb 2017 00:00:00 +0530 Sat, 25 Feb 2017 14:58:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339394 The Tribunal partly allowed the assessee's appeal and dismissed the Revenue's appeal. The disallowance under section 14A was restricted to a specific amount based on the Income Tax Settlement Commission's order. The disallowance of expenses for non-deduction of TDS under section 40a(ia) was set aside in favor of the assessee following the Settlement Commission's directive. The issue of reducing investment value in the balance sheet for brokerage expenses was remanded to the AO for further verification regarding capitalization and TDS treatment. Case-Laws Income Tax Fri, 17 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339394