https://www.taxtmi.com/caselaws?id=409162 The ITAT Hyderabad remitted the issue of disallowance of expenditure under section 14A r.w.r. 8D back to the AO for accurate calculation, noting discrepancies in the AO's computations and lack of clarity on the source of investments. The ITAT also directed the AO on the interest charged under section 234A, treating the appeal as allowed for statistical purposes. The judgment emphasized the importance of precise calculations and adherence to legal provisions in income tax assessments. en-us Tue, 15 Jun 2021 00:00:00 +0530 Thu, 01 Jul 2021 07:54:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409162 The ITAT Hyderabad remitted the issue of disallowance of expenditure under section 14A r.w.r. 8D back to the AO for accurate calculation, noting discrepancies in the AO's computations and lack of clarity on the source of investments. The ITAT also directed the AO on the interest charged under section 234A, treating the appeal as allowed for statistical purposes. The judgment emphasized the importance of precise calculations and adherence to legal provisions in income tax assessments. Case-Laws Income Tax Tue, 15 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409162