https://www.taxtmi.com/caselaws?id=390151 The Tribunal partly allowed the assessee's appeal, directing the AO to recalculate interest expenditure related to advances given in earlier years and during the current year. The Tribunal upheld the CIT(A)'s decisions on the validity of additional evidence admitted, disallowance under Section 14A, and upward adjustment in Book Profit under Section 115JB. The Tribunal admitted the additional grounds raised by the assessee for verification and adjudication, dismissing the Revenue's appeal entirely. en-us Tue, 17 Dec 2019 00:00:00 +0530 Tue, 24 Dec 2019 11:31:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390151 The Tribunal partly allowed the assessee's appeal, directing the AO to recalculate interest expenditure related to advances given in earlier years and during the current year. The Tribunal upheld the CIT(A)'s decisions on the validity of additional evidence admitted, disallowance under Section 14A, and upward adjustment in Book Profit under Section 115JB. The Tribunal admitted the additional grounds raised by the assessee for verification and adjudication, dismissing the Revenue's appeal entirely. Case-Laws Income Tax Tue, 17 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390151