https://www.taxtmi.com/caselaws?id=398790 The Tribunal allowed the appeal in ITA 394/Ahd/2017 for Assessment Year 2010-11. Additionally, ITA 395/Ahd/2017, 396/Ahd/2017, and 397/Ahd/2017 were allowed for statistical purposes. The Tribunal held that the addition under Section 14A of the Income Tax Act was unsustainable due to the assessee's sufficient interest-free funds, directing the AO to recompute the disallowance. The ground related to the addition under Section 69 was dismissed as the assessee did not press it. The addition under Section 153A was deemed invalid as the impounded document was from a survey, not a search, and could not form the basis for the addition. en-us Wed, 19 Aug 2020 00:00:00 +0530 Thu, 24 Sep 2020 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398790 The Tribunal allowed the appeal in ITA 394/Ahd/2017 for Assessment Year 2010-11. Additionally, ITA 395/Ahd/2017, 396/Ahd/2017, and 397/Ahd/2017 were allowed for statistical purposes. The Tribunal held that the addition under Section 14A of the Income Tax Act was unsustainable due to the assessee's sufficient interest-free funds, directing the AO to recompute the disallowance. The ground related to the addition under Section 69 was dismissed as the assessee did not press it. The addition under Section 153A was deemed invalid as the impounded document was from a survey, not a search, and could not form the basis for the addition. Case-Laws Income Tax Wed, 19 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398790