https://www.taxtmi.com/caselaws?id=282037 The Revenue's appeal was dismissed, and the Cross Objection by the assessee was partly allowed. The Tribunal upheld the exclusion of Accentia Technologies Ltd. and Cat Technologies Ltd. from comparables, modified the disallowance under Section 14A to Rs. 30,000, and referred the double disallowance of loss on fixed assets back to the Assessing Officer. The levy of interest under Section 234B was upheld, and the additional ground for working capital adjustment was admitted for adjudication. en-us Mon, 10 Dec 2018 00:00:00 +0530 Fri, 19 Jul 2019 06:27:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282037 The Revenue's appeal was dismissed, and the Cross Objection by the assessee was partly allowed. The Tribunal upheld the exclusion of Accentia Technologies Ltd. and Cat Technologies Ltd. from comparables, modified the disallowance under Section 14A to Rs. 30,000, and referred the double disallowance of loss on fixed assets back to the Assessing Officer. The levy of interest under Section 234B was upheld, and the additional ground for working capital adjustment was admitted for adjudication. Case-Laws Income Tax Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282037