https://www.taxtmi.com/caselaws?id=342219 The Tribunal remanded the disallowance under Section 14A back to the Assessing Officer for fresh examination, allowing the assessee to challenge the disallowance. Regarding the disallowance under Section 36(1)(iii), the Tribunal overturned the AO's decision, finding the disallowance unjustified as the transactions were genuine and not imprudent. The appeals for AY 2009-10 and 2010-11 were partly allowed for the assessee, while the Revenue's appeal was dismissed. en-us Wed, 26 Apr 2017 00:00:00 +0530 Wed, 02 Aug 2017 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342219 The Tribunal remanded the disallowance under Section 14A back to the Assessing Officer for fresh examination, allowing the assessee to challenge the disallowance. Regarding the disallowance under Section 36(1)(iii), the Tribunal overturned the AO's decision, finding the disallowance unjustified as the transactions were genuine and not imprudent. The appeals for AY 2009-10 and 2010-11 were partly allowed for the assessee, while the Revenue's appeal was dismissed. Case-Laws Income Tax Wed, 26 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342219