https://www.taxtmi.com/caselaws?id=197292 The Appellate Tribunal upheld the deletion of disallowance of unascertained expenditure related to reward points against current year's sales, based on historical data and consistent accounting policies. The Tribunal also ruled in favor of the assessee regarding the disallowance made under section 14A of the Income-tax Act, finding that the basic requirements for disallowance were not met as no exempt income was claimed and sufficient non-interest bearing funds were available for investments. Consequently, the appeal filed by the Assessing Officer was dismissed, and the assessee's appeal was allowed. en-us Wed, 27 Jul 2016 00:00:00 +0530 Tue, 02 Jan 2018 08:13:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197292 The Appellate Tribunal upheld the deletion of disallowance of unascertained expenditure related to reward points against current year's sales, based on historical data and consistent accounting policies. The Tribunal also ruled in favor of the assessee regarding the disallowance made under section 14A of the Income-tax Act, finding that the basic requirements for disallowance were not met as no exempt income was claimed and sufficient non-interest bearing funds were available for investments. Consequently, the appeal filed by the Assessing Officer was dismissed, and the assessee's appeal was allowed. Case-Laws Income Tax Wed, 27 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197292