https://www.taxtmi.com/caselaws?id=391245 The Tribunal partly allowed the appeal, deleting various disallowances and additions. It held that the AO's actions were not in line with legal principles and precedents. The Tribunal emphasized the need for proper transaction characterization and satisfaction recording before disallowances. Notably, disallowances under Section 14A and Section 36(1)(iii) were found unsustainable and ordered to be deleted, along with other additions on interest and foreign travel expenses. en-us Fri, 17 Jan 2020 00:00:00 +0530 Thu, 23 Jan 2020 12:57:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391245 The Tribunal partly allowed the appeal, deleting various disallowances and additions. It held that the AO's actions were not in line with legal principles and precedents. The Tribunal emphasized the need for proper transaction characterization and satisfaction recording before disallowances. Notably, disallowances under Section 14A and Section 36(1)(iii) were found unsustainable and ordered to be deleted, along with other additions on interest and foreign travel expenses. Case-Laws Income Tax Fri, 17 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391245