https://www.taxtmi.com/caselaws?id=191583 The appeal against the order of the Commissioner of Income Tax (Appeals) for the assessment year 2005-06 was partially allowed for statistical purposes. The issue of understatement of income was restored for recomputation by the Assessing Officer based on the correct calculation. Grounds 1-3 were dismissed as not pressed during the hearing, while grounds 4 & 5 regarding disallowance under section 14A were restored for recomputation. Ground 6 on understatement of income was also restored for recomputation due to acknowledged errors in calculation. Grounds 7 & 8, being general in nature, did not require adjudication. en-us Fri, 13 May 2011 00:00:00 +0530 Fri, 07 Apr 2017 17:39:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191583 The appeal against the order of the Commissioner of Income Tax (Appeals) for the assessment year 2005-06 was partially allowed for statistical purposes. The issue of understatement of income was restored for recomputation by the Assessing Officer based on the correct calculation. Grounds 1-3 were dismissed as not pressed during the hearing, while grounds 4 & 5 regarding disallowance under section 14A were restored for recomputation. Ground 6 on understatement of income was also restored for recomputation due to acknowledged errors in calculation. Grounds 7 & 8, being general in nature, did not require adjudication. Case-Laws Income Tax Fri, 13 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191583