https://www.taxtmi.com/caselaws?id=407805 The Tribunal partly allowed the appeals, directing the Assessing Officer to recompute disallowances and deductions with proper justification. The Tribunal emphasized rational computation based on identified common expenses, aligned with legal precedents. The chargeability of interest under Section 234D was upheld, considering the Section 154 order as a rectification of the Section 143(1) intimation. Deductions under Section 35DD were accepted in principle, pending factual determination by the AO. The Tribunal allowed the deduction for education cess based on relevant case law. Regarding interest on refund under Section 244A, the Tribunal remanded the issue for verification to avoid double taxation. en-us Wed, 12 May 2021 00:00:00 +0530 Sat, 22 May 2021 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407805 The Tribunal partly allowed the appeals, directing the Assessing Officer to recompute disallowances and deductions with proper justification. The Tribunal emphasized rational computation based on identified common expenses, aligned with legal precedents. The chargeability of interest under Section 234D was upheld, considering the Section 154 order as a rectification of the Section 143(1) intimation. Deductions under Section 35DD were accepted in principle, pending factual determination by the AO. The Tribunal allowed the deduction for education cess based on relevant case law. Regarding interest on refund under Section 244A, the Tribunal remanded the issue for verification to avoid double taxation. Case-Laws Income Tax Wed, 12 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407805