https://www.taxtmi.com/caselaws?id=291999 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of data processing costs under Sec. 40(a)(i) and ruled in favor of the assessee regarding the taxability of interest paid to the Head Office, citing consistency with prior rulings. For the disallowance under Sec. 14A, the Tribunal remanded the matter to the AO for verification of any exempt income received. Consequently, the Tribunal dismissed the Revenue's appeals for A.Y. 2010-11 and 2011-12, maintaining the CIT(A)'s rulings and ensuring compliance with prior decisions. en-us Tue, 28 Feb 2017 00:00:00 +0530 Wed, 13 Nov 2024 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291999 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of data processing costs under Sec. 40(a)(i) and ruled in favor of the assessee regarding the taxability of interest paid to the Head Office, citing consistency with prior rulings. For the disallowance under Sec. 14A, the Tribunal remanded the matter to the AO for verification of any exempt income received. Consequently, the Tribunal dismissed the Revenue's appeals for A.Y. 2010-11 and 2011-12, maintaining the CIT(A)'s rulings and ensuring compliance with prior decisions. Case-Laws Income Tax Tue, 28 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291999