https://www.taxtmi.com/caselaws?id=394718 The Tribunal partially allowed the appeal of the assessee, restricting the disallowance under section 14A to 0.5% of the cost of investment and directing the AO to adopt the consistent computation methodology followed by the assessee for tea profits. The disallowance of foreign travel expenses was dismissed as the appellant did not press the issue during the hearing. The decision highlighted the significance of maintaining consistency in income computation practices and disallowances. en-us Wed, 18 Mar 2020 00:00:00 +0530 Wed, 22 Apr 2020 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394718 The Tribunal partially allowed the appeal of the assessee, restricting the disallowance under section 14A to 0.5% of the cost of investment and directing the AO to adopt the consistent computation methodology followed by the assessee for tea profits. The disallowance of foreign travel expenses was dismissed as the appellant did not press the issue during the hearing. The decision highlighted the significance of maintaining consistency in income computation practices and disallowances. Case-Laws Income Tax Wed, 18 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394718