https://www.taxtmi.com/caselaws?id=395818 The Tribunal allowed the appeal concerning disallowance of interest expenses under Section 40A(2), finding no comparable cases to justify the disallowance. The appeal under Section 14A was partly allowed, deleting the interest disallowance but confirming administrative expenses. The addition to book profit under Section 115JB was partly allowed with a 1% ad-hoc disallowance of exempt income. The appeal on delayed employee contributions under Section 36(1)(va) was dismissed, upholding the disallowance. The order was pronounced beyond the usual period due to COVID-19 lockdown conditions. en-us Mon, 01 Jun 2020 00:00:00 +0530 Wed, 06 Nov 2024 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395818 The Tribunal allowed the appeal concerning disallowance of interest expenses under Section 40A(2), finding no comparable cases to justify the disallowance. The appeal under Section 14A was partly allowed, deleting the interest disallowance but confirming administrative expenses. The addition to book profit under Section 115JB was partly allowed with a 1% ad-hoc disallowance of exempt income. The appeal on delayed employee contributions under Section 36(1)(va) was dismissed, upholding the disallowance. The order was pronounced beyond the usual period due to COVID-19 lockdown conditions. Case-Laws Income Tax Mon, 01 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395818