https://www.taxtmi.com/caselaws?id=363631 The Revenue's appeal against the deletion of disallowance of an interest-free loan advance was dismissed by the Tribunal, upholding the CIT(A)'s decision based on commercial expediency and consistency. Regarding the disallowance under section 14A, the Tribunal remanded the matter to the CIT(A) for further consideration after finding errors in the initial decision. The appeal of the Revenue was allowed partly for statistical purposes, addressing issues related to interest-free loan advances and disallowances under section 14A of the Income-tax Act. en-us Mon, 09 Jul 2018 00:00:00 +0530 Mon, 16 Jul 2018 08:08:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363631 The Revenue's appeal against the deletion of disallowance of an interest-free loan advance was dismissed by the Tribunal, upholding the CIT(A)'s decision based on commercial expediency and consistency. Regarding the disallowance under section 14A, the Tribunal remanded the matter to the CIT(A) for further consideration after finding errors in the initial decision. The appeal of the Revenue was allowed partly for statistical purposes, addressing issues related to interest-free loan advances and disallowances under section 14A of the Income-tax Act. Case-Laws Income Tax Mon, 09 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363631