https://www.taxtmi.com/caselaws?id=278022 The Tribunal partly allowed the appeals, reducing the disallowances under Section 14A for both assessment years due to lack of proper verification by the Assessing Officer. The Tribunal directed the assessee to calculate the expenditure component for disallowance under Section 14A for the relevant year. Additionally, the Tribunal instructed the AO to prevent double disallowance under Section 43B and verify actual payments against the provision for enhanced compensation. The Tribunal stressed the importance of proper verification and adherence to legal provisions before making disallowances. en-us Wed, 12 Jul 2017 00:00:00 +0530 Sat, 05 Jan 2019 06:21:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278022 The Tribunal partly allowed the appeals, reducing the disallowances under Section 14A for both assessment years due to lack of proper verification by the Assessing Officer. The Tribunal directed the assessee to calculate the expenditure component for disallowance under Section 14A for the relevant year. Additionally, the Tribunal instructed the AO to prevent double disallowance under Section 43B and verify actual payments against the provision for enhanced compensation. The Tribunal stressed the importance of proper verification and adherence to legal provisions before making disallowances. Case-Laws Income Tax Wed, 12 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278022