https://www.taxtmi.com/caselaws?id=406523 The ITAT dismissed the revenue's appeals (ITA Nos. 2786/Ahd/2014, 1416/Ahd/2018, and 1417/Ahd/2018) and partly allowed the assessee's appeal (ITA No. 2702/Ahd/2014) for statistical purposes. The ITAT upheld CIT(A)'s decisions on all issues, referencing prior ITAT and High Court rulings, ensuring consistent application of legal principles. The ITAT confirmed the allocation of expenses based on investment and actual expenses, restricted disallowance under section 14A, treated foreign exchange gain as a capital adjustment under section 43A, and sustained the addition for late ESIC contributions. en-us Thu, 08 Apr 2021 00:00:00 +0530 Mon, 28 Oct 2024 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406523 The ITAT dismissed the revenue's appeals (ITA Nos. 2786/Ahd/2014, 1416/Ahd/2018, and 1417/Ahd/2018) and partly allowed the assessee's appeal (ITA No. 2702/Ahd/2014) for statistical purposes. The ITAT upheld CIT(A)'s decisions on all issues, referencing prior ITAT and High Court rulings, ensuring consistent application of legal principles. The ITAT confirmed the allocation of expenses based on investment and actual expenses, restricted disallowance under section 14A, treated foreign exchange gain as a capital adjustment under section 43A, and sustained the addition for late ESIC contributions. Case-Laws Income Tax Thu, 08 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406523