https://www.taxtmi.com/caselaws?id=279566 The Tribunal partially allowed the appeal, directing re-adjudication on specific issues. The disallowance under the amended section 94(7) of the Income-tax Act was set aside for reassessment in light of a pending writ petition challenging the amendment's constitutional validity. Regarding disallowance under section 14A, the Tribunal instructed the AO to recalculate based on judicial precedents. The levy of interest under sections 234B and 234D was upheld, with the AO directed to provide any consequential relief. en-us Fri, 09 Mar 2012 00:00:00 +0530 Mon, 25 Mar 2019 18:07:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279566 The Tribunal partially allowed the appeal, directing re-adjudication on specific issues. The disallowance under the amended section 94(7) of the Income-tax Act was set aside for reassessment in light of a pending writ petition challenging the amendment's constitutional validity. Regarding disallowance under section 14A, the Tribunal instructed the AO to recalculate based on judicial precedents. The levy of interest under sections 234B and 234D was upheld, with the AO directed to provide any consequential relief. Case-Laws Income Tax Fri, 09 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279566