https://www.taxtmi.com/caselaws?id=289489 The Tribunal partially allowed the appeal, setting aside the disallowance under section 14A of the Income Tax Act and directing the Assessing Officer to recalculate the disallowance based on investments yielding exempt income. The Tribunal upheld the decisions regarding the audit fee disallowance and the adjustment of brought forward losses and unabsorbed depreciation, emphasizing the importance of proper verification before allowing claims. Additionally, the Tribunal supported the Commissioner of Income Tax (Appeals)'s directions regarding the short credit of Tax Deducted at Source amount and the claim for brought forward losses and depreciation. en-us Thu, 10 Jan 2019 00:00:00 +0530 Mon, 03 Aug 2020 14:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289489 The Tribunal partially allowed the appeal, setting aside the disallowance under section 14A of the Income Tax Act and directing the Assessing Officer to recalculate the disallowance based on investments yielding exempt income. The Tribunal upheld the decisions regarding the audit fee disallowance and the adjustment of brought forward losses and unabsorbed depreciation, emphasizing the importance of proper verification before allowing claims. Additionally, the Tribunal supported the Commissioner of Income Tax (Appeals)'s directions regarding the short credit of Tax Deducted at Source amount and the claim for brought forward losses and depreciation. Case-Laws Income Tax Thu, 10 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289489