https://www.taxtmi.com/caselaws?id=379551 The appeal was partly allowed by the Tribunal. The disallowance under Section 40(a)(i) of the IT Act was directed to be deleted as the payment to a non-resident entity was not taxable in India under the Double Taxation Avoidance Agreement. The issue regarding income received from a Venture Capital Fund was remanded back to the AO for further verification. The disallowance under Section 14A was also sent back to the AO for recomputation. However, the addition due to a reconciliation difference between books and Form 26AS was upheld. en-us Tue, 30 Apr 2019 00:00:00 +0530 Tue, 09 Aug 2022 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379551 The appeal was partly allowed by the Tribunal. The disallowance under Section 40(a)(i) of the IT Act was directed to be deleted as the payment to a non-resident entity was not taxable in India under the Double Taxation Avoidance Agreement. The issue regarding income received from a Venture Capital Fund was remanded back to the AO for further verification. The disallowance under Section 14A was also sent back to the AO for recomputation. However, the addition due to a reconciliation difference between books and Form 26AS was upheld. Case-Laws Income Tax Tue, 30 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379551