https://www.taxtmi.com/caselaws?id=291401 The Tribunal upheld the disallowance of leave encashment and sponsorship expenses, while allowing limited relief under Section 14A. Several issues were remitted back to the AO for further verification, particularly concerning the applicability of the second proviso to Section 40(a)(ia) and the commercial expediency of certain expenditures. The claim for interest on interest was dismissed based on Supreme Court precedent. en-us Wed, 20 Mar 2019 00:00:00 +0530 Mon, 09 Nov 2020 17:11:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291401 The Tribunal upheld the disallowance of leave encashment and sponsorship expenses, while allowing limited relief under Section 14A. Several issues were remitted back to the AO for further verification, particularly concerning the applicability of the second proviso to Section 40(a)(ia) and the commercial expediency of certain expenditures. The claim for interest on interest was dismissed based on Supreme Court precedent. Case-Laws Income Tax Wed, 20 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291401