https://www.taxtmi.com/caselaws?id=406881 The Tribunal partly allowed the appeal. The addition under Section 36(1)(va) was upheld, dismissing the related ground. The disallowance under Section 40(a)(ia) was remanded to the A.O. for verification, allowing it for statistical purposes. The disallowance of interest on late TDS payment under Section 37 was allowed, recognizing the interest as compensatory. The disallowance under Section 14A was also allowed, as no exempt income was identified. The decision was pronounced on 09-10-2020 under Rule 34 of the ITAT Rules, 1963. en-us Fri, 09 Oct 2020 00:00:00 +0530 Mon, 28 Oct 2024 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406881 The Tribunal partly allowed the appeal. The addition under Section 36(1)(va) was upheld, dismissing the related ground. The disallowance under Section 40(a)(ia) was remanded to the A.O. for verification, allowing it for statistical purposes. The disallowance of interest on late TDS payment under Section 37 was allowed, recognizing the interest as compensatory. The disallowance under Section 14A was also allowed, as no exempt income was identified. The decision was pronounced on 09-10-2020 under Rule 34 of the ITAT Rules, 1963. Case-Laws Income Tax Fri, 09 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406881