https://www.taxtmi.com/caselaws?id=279160 The Tribunal upheld the disallowance u/s 14A read with Rule 8D due to lack of claim regarding borrowed money. The addition u/s 41(1) was sent back to the Assessing Officer for verification to avoid double assessment. Sales promotion expenses were partially disallowed, with gifts deemed personal and the remaining amount requiring detailed explanation. The appeal was partly allowed, instructing the AO to issue a speaking order. en-us Fri, 14 Jun 2013 00:00:00 +0530 Tue, 12 Mar 2019 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279160 The Tribunal upheld the disallowance u/s 14A read with Rule 8D due to lack of claim regarding borrowed money. The addition u/s 41(1) was sent back to the Assessing Officer for verification to avoid double assessment. Sales promotion expenses were partially disallowed, with gifts deemed personal and the remaining amount requiring detailed explanation. The appeal was partly allowed, instructing the AO to issue a speaking order. Case-Laws Income Tax Fri, 14 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279160