https://www.taxtmi.com/caselaws?id=396456 The ITAT partially allowed the assessee's appeal and dismissed the revenue's appeal. It directed the AO to re-examine the disallowance under Section 14A, upheld the deletion of the transfer pricing adjustment related to share application money, clarified that Education Cess and Higher Education Cess are not disallowable under Section 40(a)(ii), and provided detailed reasoning for each decision, ensuring consistency with previous orders and judicial precedents. en-us Tue, 30 Jun 2020 00:00:00 +0530 Mon, 06 Jul 2020 12:44:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396456 The ITAT partially allowed the assessee's appeal and dismissed the revenue's appeal. It directed the AO to re-examine the disallowance under Section 14A, upheld the deletion of the transfer pricing adjustment related to share application money, clarified that Education Cess and Higher Education Cess are not disallowable under Section 40(a)(ii), and provided detailed reasoning for each decision, ensuring consistency with previous orders and judicial precedents. Case-Laws Income Tax Tue, 30 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396456