https://www.taxtmi.com/caselaws?id=378416 The High Court of Bombay dismissed the revenue's appeal against the judgment of the Income Tax Appellate Tribunal on all three issues, upholding the decisions of the lower authorities and finding no error or question of law in the assessments made. The court affirmed the allowance of expenditure under Section 36(1)(iii) for advance share application money, the disallowance under Section 37(1) for interest-free advances, and the disallowance under Section 14A read with Rule 8D. en-us Wed, 06 Mar 2019 00:00:00 +0530 Tue, 16 Apr 2019 15:14:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378416 The High Court of Bombay dismissed the revenue's appeal against the judgment of the Income Tax Appellate Tribunal on all three issues, upholding the decisions of the lower authorities and finding no error or question of law in the assessments made. The court affirmed the allowance of expenditure under Section 36(1)(iii) for advance share application money, the disallowance under Section 37(1) for interest-free advances, and the disallowance under Section 14A read with Rule 8D. Case-Laws Income Tax Wed, 06 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378416