https://www.taxtmi.com/caselaws?id=406796 The appeals filed by the assessee for the Assessment Years 2013-14 and 2014-15 were partially allowed. The Tribunal ruled in favor of the assessee on various grounds, including disallowances under Section 43B, deduction of educational cess, and addition of notional interest. The Tribunal held that the disallowance under Section 43B was not applicable, allowed the deduction of educational cess, and disallowed the addition of notional interest based on relevant case laws and legal principles. The Tribunal emphasized the importance of providing supporting documents for expenses claimed to avoid ad-hoc disallowances. en-us Wed, 21 Apr 2021 00:00:00 +0530 Fri, 23 Apr 2021 21:04:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406796 The appeals filed by the assessee for the Assessment Years 2013-14 and 2014-15 were partially allowed. The Tribunal ruled in favor of the assessee on various grounds, including disallowances under Section 43B, deduction of educational cess, and addition of notional interest. The Tribunal held that the disallowance under Section 43B was not applicable, allowed the deduction of educational cess, and disallowed the addition of notional interest based on relevant case laws and legal principles. The Tribunal emphasized the importance of providing supporting documents for expenses claimed to avoid ad-hoc disallowances. Case-Laws Income Tax Wed, 21 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406796