https://www.taxtmi.com/caselaws?id=354341 The Tribunal allowed the assessee's appeals in part, overturning the disallowances made by the Assessing Officer. The Tribunal emphasized consistency with previous decisions and directed the AO to follow its decisions in the assessee's own case for the A.Y. 1996-97. The disallowances on various grounds such as suppressed production, prior period expenses, long-term capital loss, and foreign travel expenses were reversed by the Tribunal. The Tribunal also directed the AO to reconsider disallowances under section 14A of the IT Act, focusing only on investments generating exempt income. en-us Mon, 22 Jan 2018 00:00:00 +0530 Wed, 24 Jan 2018 08:29:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354341 The Tribunal allowed the assessee's appeals in part, overturning the disallowances made by the Assessing Officer. The Tribunal emphasized consistency with previous decisions and directed the AO to follow its decisions in the assessee's own case for the A.Y. 1996-97. The disallowances on various grounds such as suppressed production, prior period expenses, long-term capital loss, and foreign travel expenses were reversed by the Tribunal. The Tribunal also directed the AO to reconsider disallowances under section 14A of the IT Act, focusing only on investments generating exempt income. Case-Laws Income Tax Mon, 22 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354341