https://www.taxtmi.com/caselaws?id=347351 The Tribunal partly allowed the Revenue's appeal and partly allowed the assessee's appeal in a case involving disallowance u/s 14A of the Income-tax Act, 1961, addition on account of downward sales adjustment, and addition of interest. The Tribunal upheld the deletion of interest disallowance under Rule 8D(2)(ii) and reduced the disallowance under Rule 8D(2)(iii) based on the assessee's voluntary offer. Additionally, the Tribunal upheld the deletion of the addition on account of downward sales adjustment, except for a minor reconciliation difference, and confirmed the disallowance of interest claimed by the assessee. en-us Wed, 09 Aug 2017 00:00:00 +0530 Sat, 02 Sep 2017 11:19:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347351 The Tribunal partly allowed the Revenue's appeal and partly allowed the assessee's appeal in a case involving disallowance u/s 14A of the Income-tax Act, 1961, addition on account of downward sales adjustment, and addition of interest. The Tribunal upheld the deletion of interest disallowance under Rule 8D(2)(ii) and reduced the disallowance under Rule 8D(2)(iii) based on the assessee's voluntary offer. Additionally, the Tribunal upheld the deletion of the addition on account of downward sales adjustment, except for a minor reconciliation difference, and confirmed the disallowance of interest claimed by the assessee. Case-Laws Income Tax Wed, 09 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347351