https://www.taxtmi.com/caselaws?id=401599 The appeals filed by the revenue and the assessee for AY 2012-13 were dismissed. However, the assessee's appeals for AY 2010-11 and 2011-12 were partly allowed. The disallowance under Section 14A was adjusted based on specific circumstances for each assessment year, following judicial precedents. The disallowance of compensation paid to a third party and under Section 40(a)(ia) were upheld, except for a retrospective application of the second proviso to Section 40(a)(ia) for AY 2010-11. The Tribunal's decision was pronounced on December 9, 2020. en-us Wed, 09 Dec 2020 00:00:00 +0530 Sat, 30 Jan 2021 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401599 The appeals filed by the revenue and the assessee for AY 2012-13 were dismissed. However, the assessee's appeals for AY 2010-11 and 2011-12 were partly allowed. The disallowance under Section 14A was adjusted based on specific circumstances for each assessment year, following judicial precedents. The disallowance of compensation paid to a third party and under Section 40(a)(ia) were upheld, except for a retrospective application of the second proviso to Section 40(a)(ia) for AY 2010-11. The Tribunal's decision was pronounced on December 9, 2020. Case-Laws Income Tax Wed, 09 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401599