https://www.taxtmi.com/caselaws?id=390337 The Tribunal partially allowed the appeals, making adjustments and remanding certain matters for further verification. Disallowance of expenses relating to exempt income under Section 14A was reduced significantly, with interest disallowance deleted due to excess interest-free funds. Commission expenses were remanded for detailed verification. Deduction for education cess was denied following Supreme Court precedent. Deduction under Section 80IA(4)(iv) was upheld without setting off earlier losses. The charging of interest under Section 234B was adjusted in line with ITAT precedent. Overall, the Tribunal's decisions aligned with legal interpretations under the Income-tax Act. en-us Mon, 14 Oct 2019 00:00:00 +0530 Mon, 30 Dec 2019 11:19:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390337 The Tribunal partially allowed the appeals, making adjustments and remanding certain matters for further verification. Disallowance of expenses relating to exempt income under Section 14A was reduced significantly, with interest disallowance deleted due to excess interest-free funds. Commission expenses were remanded for detailed verification. Deduction for education cess was denied following Supreme Court precedent. Deduction under Section 80IA(4)(iv) was upheld without setting off earlier losses. The charging of interest under Section 234B was adjusted in line with ITAT precedent. Overall, the Tribunal's decisions aligned with legal interpretations under the Income-tax Act. Case-Laws Income Tax Mon, 14 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390337