https://www.taxtmi.com/caselaws?id=340456 The Income Tax Appellate Tribunal partially allowed the appeal filed by the assessee. The issue of the Rs. 2,28,424 discrepancy in labour charges was remanded back to the Assessing Officer for a fresh determination, providing the assessee with another chance to reconcile the differences. The disallowance of Rs. 22,687 in interest expenditure under Section 14A was overturned as the Tribunal found that the investments were made from the assessee's interest-free funds, following the presumption established in relevant case law. en-us Fri, 17 Mar 2017 00:00:00 +0530 Wed, 22 Mar 2017 08:11:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340456 The Income Tax Appellate Tribunal partially allowed the appeal filed by the assessee. The issue of the Rs. 2,28,424 discrepancy in labour charges was remanded back to the Assessing Officer for a fresh determination, providing the assessee with another chance to reconcile the differences. The disallowance of Rs. 22,687 in interest expenditure under Section 14A was overturned as the Tribunal found that the investments were made from the assessee's interest-free funds, following the presumption established in relevant case law. Case-Laws Income Tax Fri, 17 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340456