https://www.taxtmi.com/caselaws?id=373043 The Tribunal partly allowed the assessee's appeals and dismissed the Revenue's appeals. The Tribunal directed the computation of interest under section 244A for all relevant years, upheld the deletion of disallowance of interest expenditure on advances, dismissed the misconceived ground of disallowance of securitization expenses, deemed the disallowance related to exempt income under section 14A as infructuous, and recognized club fees as allowable business expenditure. The decisions were based on legal provisions and consistent judicial interpretations. en-us Wed, 19 Dec 2018 00:00:00 +0530 Sat, 05 Jan 2019 08:05:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373043 The Tribunal partly allowed the assessee's appeals and dismissed the Revenue's appeals. The Tribunal directed the computation of interest under section 244A for all relevant years, upheld the deletion of disallowance of interest expenditure on advances, dismissed the misconceived ground of disallowance of securitization expenses, deemed the disallowance related to exempt income under section 14A as infructuous, and recognized club fees as allowable business expenditure. The decisions were based on legal provisions and consistent judicial interpretations. Case-Laws Income Tax Wed, 19 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373043