https://www.taxtmi.com/caselaws?id=409439 The ITAT partly allowed the appeal by directing the AO to recalculate the disallowance under Section 14A and verify the deferred employee compensation claim. The disallowance of preliminary expenses under Section 35D was upheld, while the issue regarding the computation of taxable income was dismissed. The request for an interim stay on the demand was not explicitly addressed in the judgment. en-us Fri, 02 Jul 2021 00:00:00 +0530 Thu, 08 Jul 2021 08:45:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409439 The ITAT partly allowed the appeal by directing the AO to recalculate the disallowance under Section 14A and verify the deferred employee compensation claim. The disallowance of preliminary expenses under Section 35D was upheld, while the issue regarding the computation of taxable income was dismissed. The request for an interim stay on the demand was not explicitly addressed in the judgment. Case-Laws Income Tax Fri, 02 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409439