https://www.taxtmi.com/caselaws?id=390311 The ITAT partly allowed the appeals, restoring specific issues to the AO for fresh consideration based on pending High Court appeals and compliance with legal provisions. The disallowance under Section 43B was restored for reconsideration, following a prior High Court appeal. The disallowance under Section 14A read with Rule 8D was restricted to Rs. 48,17,000 after correcting computation errors. The deletion of disallowance under Section 2(24)(x) was referred back to the AO to verify payment dates, in line with relevant case law allowing deductions for timely payments. en-us Mon, 16 Dec 2019 00:00:00 +0530 Sun, 29 Dec 2019 09:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390311 The ITAT partly allowed the appeals, restoring specific issues to the AO for fresh consideration based on pending High Court appeals and compliance with legal provisions. The disallowance under Section 43B was restored for reconsideration, following a prior High Court appeal. The disallowance under Section 14A read with Rule 8D was restricted to Rs. 48,17,000 after correcting computation errors. The deletion of disallowance under Section 2(24)(x) was referred back to the AO to verify payment dates, in line with relevant case law allowing deductions for timely payments. Case-Laws Income Tax Mon, 16 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390311