https://www.taxtmi.com/caselaws?id=359169 The Tribunal partly allowed the appeals for AY 2009-10 and AY 2010-11. The disallowance of interest was set aside for fresh adjudication due to differential interest rates. Cash expenses disallowance was deleted as arbitrary without incriminating evidence. The AIR discrepancy issue was remanded for fresh adjudication with admitted additional evidence. Disallowance of foreign travel expenses was upheld for lack of business-related evidence. Disallowance under Section 14A read with Rule 8D was partly upheld based on the Supreme Court's decision. The Tribunal provided detailed directions for each issue, with certain matters remanded for fresh adjudication by the AO. en-us Mon, 23 Apr 2018 00:00:00 +0530 Wed, 25 Apr 2018 06:17:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359169 The Tribunal partly allowed the appeals for AY 2009-10 and AY 2010-11. The disallowance of interest was set aside for fresh adjudication due to differential interest rates. Cash expenses disallowance was deleted as arbitrary without incriminating evidence. The AIR discrepancy issue was remanded for fresh adjudication with admitted additional evidence. Disallowance of foreign travel expenses was upheld for lack of business-related evidence. Disallowance under Section 14A read with Rule 8D was partly upheld based on the Supreme Court's decision. The Tribunal provided detailed directions for each issue, with certain matters remanded for fresh adjudication by the AO. Case-Laws Income Tax Mon, 23 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359169