https://www.taxtmi.com/caselaws?id=383337 The Tribunal allowed the assessee's appeal regarding the disallowance of expenses under Section 14A, directing the deletion of the disallowance. However, the Tribunal upheld the addition on account of bogus purchase of machinery and interest thereon, as well as the addition made under Section 40A(3). The deletion of expenditures related to professional fees was reversed, and the rejection of books of accounts under Section 145(3) was upheld. Both the assessee's appeal and the Revenue's appeal were partly allowed in the case, with the Tribunal's order issued on 19th July 2019. en-us Fri, 19 Jul 2019 00:00:00 +0530 Mon, 22 Jul 2019 08:19:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383337 The Tribunal allowed the assessee's appeal regarding the disallowance of expenses under Section 14A, directing the deletion of the disallowance. However, the Tribunal upheld the addition on account of bogus purchase of machinery and interest thereon, as well as the addition made under Section 40A(3). The deletion of expenditures related to professional fees was reversed, and the rejection of books of accounts under Section 145(3) was upheld. Both the assessee's appeal and the Revenue's appeal were partly allowed in the case, with the Tribunal's order issued on 19th July 2019. Case-Laws Income Tax Fri, 19 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383337