https://www.taxtmi.com/caselaws?id=374651 The appeal was partly allowed, with several issues restored to the Assessing Officer for fresh consideration and verification. The Tribunal emphasized the need for real income taxation and adherence to procedural fairness. Key outcomes included restricting disallowance under section 14A to 1% of exempt income, allowing expenditure for Foreign Currency Convertible Notes, dismissing warranty expense disallowance, emphasizing genuine claims for doubtful debt provisions, and directing re-examination of transfer pricing adjustments. Adjustments to book profit under section 115JB were deemed invalid, and TDS credit was directed to be granted accurately. en-us Mon, 28 Jan 2019 00:00:00 +0530 Wed, 06 Feb 2019 07:23:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374651 The appeal was partly allowed, with several issues restored to the Assessing Officer for fresh consideration and verification. The Tribunal emphasized the need for real income taxation and adherence to procedural fairness. Key outcomes included restricting disallowance under section 14A to 1% of exempt income, allowing expenditure for Foreign Currency Convertible Notes, dismissing warranty expense disallowance, emphasizing genuine claims for doubtful debt provisions, and directing re-examination of transfer pricing adjustments. Adjustments to book profit under section 115JB were deemed invalid, and TDS credit was directed to be granted accurately. Case-Laws Income Tax Mon, 28 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374651