https://www.taxtmi.com/caselaws?id=345751 The Tribunal set aside the Commissioner's order and remanded the case for fresh adjudication, noting that Rule 8D could not be applied retrospectively. The Tribunal directed the Assessing Officer to re-examine the disallowance of interest paid on loans for business purposes and other contested expenses. It allowed the appeal for statistical purposes regarding the disallowance of certain expenses under section 37(1) of the Act and the disallowance of professional charges under section 40(a)(ia) due to non-deduction of TDS, stressing the necessity of reasoned decisions based on legal provisions in tax assessments. en-us Wed, 22 Mar 2017 00:00:00 +0530 Wed, 26 Jul 2017 08:16:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345751 The Tribunal set aside the Commissioner's order and remanded the case for fresh adjudication, noting that Rule 8D could not be applied retrospectively. The Tribunal directed the Assessing Officer to re-examine the disallowance of interest paid on loans for business purposes and other contested expenses. It allowed the appeal for statistical purposes regarding the disallowance of certain expenses under section 37(1) of the Act and the disallowance of professional charges under section 40(a)(ia) due to non-deduction of TDS, stressing the necessity of reasoned decisions based on legal provisions in tax assessments. Case-Laws Income Tax Wed, 22 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345751