https://www.taxtmi.com/caselaws?id=341894 The appeal filed by the assessee was partly allowed by the Tribunal. The Tribunal directed the Assessing Officer to adjust the corporate guarantee fee to 0.5% based on precedent. Depreciation on intangible assets was disallowed in line with previous rulings. The disallowance of expenses under Section 14A was restored to the AO for fresh examination. The provision for post-retirement medical scheme and prior period expenses were also disallowed initially but restored to the AO for further verification. The Tribunal emphasized adherence to precedents and allowed the appeal for statistical purposes, providing the assessee an opportunity to substantiate claims with evidence. en-us Wed, 15 Mar 2017 00:00:00 +0530 Tue, 18 Apr 2017 07:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341894 The appeal filed by the assessee was partly allowed by the Tribunal. The Tribunal directed the Assessing Officer to adjust the corporate guarantee fee to 0.5% based on precedent. Depreciation on intangible assets was disallowed in line with previous rulings. The disallowance of expenses under Section 14A was restored to the AO for fresh examination. The provision for post-retirement medical scheme and prior period expenses were also disallowed initially but restored to the AO for further verification. The Tribunal emphasized adherence to precedents and allowed the appeal for statistical purposes, providing the assessee an opportunity to substantiate claims with evidence. Case-Laws Income Tax Wed, 15 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341894