https://www.taxtmi.com/caselaws?id=389789 The ITAT upheld the disallowance of the claim under section 36(1)(viii) for the amount transferred to a special reserve, disallowance of grant given to Cooperative Union Federation under section 36(1)(xii), disallowance under section 14A, taxability of interest income of North Kerala Dairy Project, and disallowance of contribution to Employees Recreation Trust under section 40A(9). However, the ITAT allowed the deletion of the addition of provision written back, stating it was not taxable when made and its reversal does not result in taxable income. The assessee's appeal was partly allowed for statistical purposes, while the revenue's appeal was dismissed. en-us Wed, 04 Dec 2019 00:00:00 +0530 Tue, 17 Dec 2019 15:06:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389789 The ITAT upheld the disallowance of the claim under section 36(1)(viii) for the amount transferred to a special reserve, disallowance of grant given to Cooperative Union Federation under section 36(1)(xii), disallowance under section 14A, taxability of interest income of North Kerala Dairy Project, and disallowance of contribution to Employees Recreation Trust under section 40A(9). However, the ITAT allowed the deletion of the addition of provision written back, stating it was not taxable when made and its reversal does not result in taxable income. The assessee's appeal was partly allowed for statistical purposes, while the revenue's appeal was dismissed. Case-Laws Income Tax Wed, 04 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389789