https://www.taxtmi.com/caselaws?id=403930 The tribunal partly allowed the assessee's appeal by deleting the proportionate interest expenditure disallowance under Section 14A, granting partial relief on administrative expenditure disallowance, and remanding the set-off of interest income against business losses back to the AO for reconsideration. The tribunal resolved the MAT adjustment issue in favor of the assessee based on precedent case law. en-us Mon, 08 Feb 2021 00:00:00 +0530 Wed, 10 Feb 2021 13:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403930 The tribunal partly allowed the assessee's appeal by deleting the proportionate interest expenditure disallowance under Section 14A, granting partial relief on administrative expenditure disallowance, and remanding the set-off of interest income against business losses back to the AO for reconsideration. The tribunal resolved the MAT adjustment issue in favor of the assessee based on precedent case law. Case-Laws Income Tax Mon, 08 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403930