https://www.taxtmi.com/caselaws?id=355785 The Tribunal allowed the Assessee's appeal, deleting disallowances made under Sections 40A(3) and finance charges on the loan from the parent company, as no incriminating material was found during the search. The assessment order and related disallowances were deemed beyond jurisdiction and unsustainable. The appeal favored the Assessee. en-us Mon, 22 Jan 2018 00:00:00 +0530 Mon, 19 Feb 2018 08:44:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355785 The Tribunal allowed the Assessee's appeal, deleting disallowances made under Sections 40A(3) and finance charges on the loan from the parent company, as no incriminating material was found during the search. The assessment order and related disallowances were deemed beyond jurisdiction and unsustainable. The appeal favored the Assessee. Case-Laws Income Tax Mon, 22 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355785