https://www.taxtmi.com/caselaws?id=344249 The Tribunal allowed the appeals for statistical purposes, directing a fresh examination by the Assessing Officer (AO) on certain issues. The Tribunal upheld the CIT(A)'s decisions on depreciation and capital gains treatment, while instructing further scrutiny on the disallowance under section 14A and guarantee commission payments. The AO was directed to re-examine interest income, average investment, and total assets for accurate calculation under section 14A. The issue of partial benefit of carry forward capital losses was remanded to the AO to verify the purpose and legality of the loan transfer. en-us Fri, 09 Jun 2017 00:00:00 +0530 Mon, 14 May 2018 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344249 The Tribunal allowed the appeals for statistical purposes, directing a fresh examination by the Assessing Officer (AO) on certain issues. The Tribunal upheld the CIT(A)'s decisions on depreciation and capital gains treatment, while instructing further scrutiny on the disallowance under section 14A and guarantee commission payments. The AO was directed to re-examine interest income, average investment, and total assets for accurate calculation under section 14A. The issue of partial benefit of carry forward capital losses was remanded to the AO to verify the purpose and legality of the loan transfer. Case-Laws Income Tax Fri, 09 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344249