https://www.taxtmi.com/caselaws?id=369147 The appeal was partly allowed. The disallowance under Section 14A was rejected as dissatisfaction by the AO was not recorded. However, the disallowance under Section 36(1)(iii) was upheld as the assessee failed to prove that the advances were for business purposes. en-us Fri, 12 Oct 2018 00:00:00 +0530 Mon, 22 Oct 2018 09:53:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369147 The appeal was partly allowed. The disallowance under Section 14A was rejected as dissatisfaction by the AO was not recorded. However, the disallowance under Section 36(1)(iii) was upheld as the assessee failed to prove that the advances were for business purposes. Case-Laws Income Tax Fri, 12 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369147