https://www.taxtmi.com/caselaws?id=347897 The Tribunal partly allowed all appeals filed by the assessee, setting aside the CIT(A)'s findings on various issues. The Tribunal allowed the disallowance of business expenses under Section 37, denial of set-off of business loss against income from other sources, and disallowance under Section 14A. However, the Tribunal directed the exclusion of strategic investments in assessing expenses under Section 14A. The Tribunal also allowed the deletion of disallowance of custodian fees but upheld the addition of interest income. The issue of denial of set-off of business loss against income from other sources was dismissed. en-us Thu, 31 Aug 2017 00:00:00 +0530 Tue, 12 Sep 2017 07:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347897 The Tribunal partly allowed all appeals filed by the assessee, setting aside the CIT(A)'s findings on various issues. The Tribunal allowed the disallowance of business expenses under Section 37, denial of set-off of business loss against income from other sources, and disallowance under Section 14A. However, the Tribunal directed the exclusion of strategic investments in assessing expenses under Section 14A. The Tribunal also allowed the deletion of disallowance of custodian fees but upheld the addition of interest income. The issue of denial of set-off of business loss against income from other sources was dismissed. Case-Laws Income Tax Thu, 31 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347897