https://www.taxtmi.com/caselaws?id=400469 The Tribunal partly allowed the appeal by directing the AO to delete the addition of rental income of Rs. 3,85,85,341 and to disallow 3.41% of common administrative expenses under Section 14A. The Tribunal also upheld the treatment of the security deposit, allowing its adjustment against previous outstanding rent. The appeal was partly allowed with specific directions for recalculating the disallowance and acknowledging the practical aspects of the assessee's situation. en-us Fri, 06 Nov 2020 00:00:00 +0530 Fri, 06 Nov 2020 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400469 The Tribunal partly allowed the appeal by directing the AO to delete the addition of rental income of Rs. 3,85,85,341 and to disallow 3.41% of common administrative expenses under Section 14A. The Tribunal also upheld the treatment of the security deposit, allowing its adjustment against previous outstanding rent. The appeal was partly allowed with specific directions for recalculating the disallowance and acknowledging the practical aspects of the assessee's situation. Case-Laws Income Tax Fri, 06 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400469