https://www.taxtmi.com/caselaws?id=350968 The Tribunal partially allowed the appeals, upholding disallowances on technical consultancy fees and sundry creditors under the Income Tax Act, 1961. The disallowance of interest under Section 14A was set aside for further verification by the Assessing Officer. Adjustments were made to grain prices and husk purchases, with directions for adopting average rates and limiting disallowances based on detailed assessments. The Tribunal emphasized the importance of providing concrete evidence and proper analysis in such tax matters. en-us Wed, 31 May 2017 00:00:00 +0530 Thu, 16 Nov 2017 09:37:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350968 The Tribunal partially allowed the appeals, upholding disallowances on technical consultancy fees and sundry creditors under the Income Tax Act, 1961. The disallowance of interest under Section 14A was set aside for further verification by the Assessing Officer. Adjustments were made to grain prices and husk purchases, with directions for adopting average rates and limiting disallowances based on detailed assessments. The Tribunal emphasized the importance of providing concrete evidence and proper analysis in such tax matters. Case-Laws Income Tax Wed, 31 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350968