https://www.taxtmi.com/caselaws?id=402482 ITAT MUMBAI upheld partial disallowance under s.14A but remitted the matter to the AO to reassess the sufficiency of the allowance for consistency with earlier Tribunal directions. Transfer pricing adjustment for interest on share-application money was deleted, treated as capital infusion not a loan. Corporate guarantee fee was accepted at 0.5%. Addition under s.43B for ESIC contributions was deleted as timely deposited. Disallowance of education cess and SHEC under s.40(a)(ii) was deleted. For capital gains on depreciable buildings, the Tribunal held s.50 does not obliterate long-term status; matter to be reexamined by AO in light of HC precedent. en-us Tue, 06 Oct 2020 00:00:00 +0530 Mon, 27 Oct 2025 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402482 ITAT MUMBAI upheld partial disallowance under s.14A but remitted the matter to the AO to reassess the sufficiency of the allowance for consistency with earlier Tribunal directions. Transfer pricing adjustment for interest on share-application money was deleted, treated as capital infusion not a loan. Corporate guarantee fee was accepted at 0.5%. Addition under s.43B for ESIC contributions was deleted as timely deposited. Disallowance of education cess and SHEC under s.40(a)(ii) was deleted. For capital gains on depreciable buildings, the Tribunal held s.50 does not obliterate long-term status; matter to be reexamined by AO in light of HC precedent. Case-Laws Income Tax Tue, 06 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402482