https://www.taxtmi.com/caselaws?id=341426 The Tribunal partly allowed the appeal, directing the AO to reexamine disallowances and additions made under various sections of the Income-tax Act. Emphasizing adherence to judicial precedents and factual verification, the Tribunal highlighted the need for establishing a proximate connection between expenditure and income. Specific directions were given to reconsider disallowances related to Section 14A and Transfer Pricing adjustments under Section 92CA(3), while disallowance of interest on investments in overseas companies was deleted. The order was pronounced on 31/03/2017. en-us Fri, 31 Mar 2017 00:00:00 +0530 Wed, 02 Aug 2017 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341426 The Tribunal partly allowed the appeal, directing the AO to reexamine disallowances and additions made under various sections of the Income-tax Act. Emphasizing adherence to judicial precedents and factual verification, the Tribunal highlighted the need for establishing a proximate connection between expenditure and income. Specific directions were given to reconsider disallowances related to Section 14A and Transfer Pricing adjustments under Section 92CA(3), while disallowance of interest on investments in overseas companies was deleted. The order was pronounced on 31/03/2017. Case-Laws Income Tax Fri, 31 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341426