https://www.taxtmi.com/caselaws?id=387511 The Tribunal dismissed the revenue's appeals for both years, partly allowing the assessee's appeals. It directed the AO to re-examine the disallowance under Section 14A and to adopt a LIBOR-based rate for the TP adjustment on share application money. The Tribunal upheld the CIT(A)'s decision on capital gains under Section 50C, considering property encumbrances and procedural lapses by the AO. en-us Thu, 17 Oct 2019 00:00:00 +0530 Thu, 24 Oct 2019 09:43:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387511 The Tribunal dismissed the revenue's appeals for both years, partly allowing the assessee's appeals. It directed the AO to re-examine the disallowance under Section 14A and to adopt a LIBOR-based rate for the TP adjustment on share application money. The Tribunal upheld the CIT(A)'s decision on capital gains under Section 50C, considering property encumbrances and procedural lapses by the AO. Case-Laws Income Tax Thu, 17 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387511