https://www.taxtmi.com/caselaws?id=350502 Summary: The ITAT's judgment favored the assessee by deleting various disallowances and additions made by the AO. The tribunal allowed expenses related to ongoing business activities, disallowed notional income additions, and upheld expenses for business purposes. Disallowances under sections 14A and 40 were restricted, and payments not liable for TDS were accepted. The ITAT's decision reflected a favorable outcome for the assessee in resolving multiple contentious issues. en-us Wed, 01 Nov 2017 00:00:00 +0530 Mon, 14 May 2018 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350502 Summary: The ITAT's judgment favored the assessee by deleting various disallowances and additions made by the AO. The tribunal allowed expenses related to ongoing business activities, disallowed notional income additions, and upheld expenses for business purposes. Disallowances under sections 14A and 40 were restricted, and payments not liable for TDS were accepted. The ITAT's decision reflected a favorable outcome for the assessee in resolving multiple contentious issues. Case-Laws Income Tax Wed, 01 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350502