https://www.taxtmi.com/caselaws?id=283629 The Tribunal partially allowed the assessee's appeals and dismissed the revenue's appeals. The disallowance under Section 14A read with Rule 8D was limited to Rs. 20,000 for administrative expenses. The disallowance of interest on investments in subsidiary companies was removed. Certain expenditures were deemed revenue in nature, resulting in the deletion of disallowed amounts. The disallowance under Section 40(a)(ia) for non-deduction of TDS on incentive payments was also eliminated. The cross-objection by the assessee was partially allowed. en-us Mon, 10 Apr 2017 00:00:00 +0530 Fri, 04 Oct 2019 09:36:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283629 The Tribunal partially allowed the assessee's appeals and dismissed the revenue's appeals. The disallowance under Section 14A read with Rule 8D was limited to Rs. 20,000 for administrative expenses. The disallowance of interest on investments in subsidiary companies was removed. Certain expenditures were deemed revenue in nature, resulting in the deletion of disallowed amounts. The disallowance under Section 40(a)(ia) for non-deduction of TDS on incentive payments was also eliminated. The cross-objection by the assessee was partially allowed. Case-Laws Income Tax Mon, 10 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283629