https://www.taxtmi.com/caselaws?id=356722 The Tribunal allowed the assessee's appeal regarding disallowance under Section 14A, stating such disallowance is not sustainable without incriminating material. The claim for deduction of contributions to the Group Gratuity Scheme was allowed as the disallowance lacked support. The set-off of the contingency amount against the disallowance under Section 14A was not addressed due to relief already granted on the legal issue. The disallowance of Portfolio Management Scheme fees was overturned, directing the AO to allow the deduction. Additional grounds raised by the assessee were partly admitted. Appeals for certain assessment years were partly allowed, while others were dismissed. en-us Wed, 28 Feb 2018 00:00:00 +0530 Fri, 09 Mar 2018 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356722 The Tribunal allowed the assessee's appeal regarding disallowance under Section 14A, stating such disallowance is not sustainable without incriminating material. The claim for deduction of contributions to the Group Gratuity Scheme was allowed as the disallowance lacked support. The set-off of the contingency amount against the disallowance under Section 14A was not addressed due to relief already granted on the legal issue. The disallowance of Portfolio Management Scheme fees was overturned, directing the AO to allow the deduction. Additional grounds raised by the assessee were partly admitted. Appeals for certain assessment years were partly allowed, while others were dismissed. Case-Laws Income Tax Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356722