https://www.taxtmi.com/caselaws?id=275140 The appeals were allowed in part as the Tribunal directed reassessment for disallowance u/s.14A, recomputation of income u/s.115JB, and reevaluation of the addition of obsolete stock written off. The Tribunal emphasized adherence to legal precedents and proper assessment procedures in each issue. The matter was remanded to the AO for fresh assessment based on the Supreme Court's guidelines regarding disallowance u/s.14A read with Rule 8D and for reevaluation based on the nature of the obsolete stock concerning the addition of obsolete stock written off. en-us Fri, 07 Jul 2017 00:00:00 +0530 Thu, 20 Sep 2018 06:49:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275140 The appeals were allowed in part as the Tribunal directed reassessment for disallowance u/s.14A, recomputation of income u/s.115JB, and reevaluation of the addition of obsolete stock written off. The Tribunal emphasized adherence to legal precedents and proper assessment procedures in each issue. The matter was remanded to the AO for fresh assessment based on the Supreme Court's guidelines regarding disallowance u/s.14A read with Rule 8D and for reevaluation based on the nature of the obsolete stock concerning the addition of obsolete stock written off. Case-Laws Income Tax Fri, 07 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275140