https://www.taxtmi.com/caselaws?id=383960 The Income Tax Appellate Tribunal (ITAT) partly allowed the assessee's appeals for both assessment years, reducing disallowances and upholding certain decisions based on legal precedents and the specifics of the case. The ITAT upheld the disallowance of administrative expenses under Rule 8D, disallowance under Section 36(1)(va) for late payment of employees' contributions, and levying of interest under Section 234A/B/C. However, the ITAT allowed the assessee's appeal on grounds related to disallowance under Section 14A in the calculation of book profit under Section 115JB and disallowance of expenses in the computation of short-term capital gain under Section 48. en-us Wed, 31 Jul 2019 00:00:00 +0530 Fri, 02 Aug 2019 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383960 The Income Tax Appellate Tribunal (ITAT) partly allowed the assessee's appeals for both assessment years, reducing disallowances and upholding certain decisions based on legal precedents and the specifics of the case. The ITAT upheld the disallowance of administrative expenses under Rule 8D, disallowance under Section 36(1)(va) for late payment of employees' contributions, and levying of interest under Section 234A/B/C. However, the ITAT allowed the assessee's appeal on grounds related to disallowance under Section 14A in the calculation of book profit under Section 115JB and disallowance of expenses in the computation of short-term capital gain under Section 48. Case-Laws Income Tax Wed, 31 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383960