https://www.taxtmi.com/caselaws?id=409480 The Tribunal dismissed the revenue's appeals and partly allowed the assessee's cross-objections for statistical purposes. The disallowance under Section 14A was restricted to exempt income, disallowance under Section 40(a)(ia) was referred back for fresh adjudication, and disallowance under Section 36(1)(iii) for interest on loans was deleted. The addition in computing book profit under Section 115JB was also dismissed. The Tribunal directed fresh adjudication on issues related to LTC loss, trading liability cessation, and TDS credit. en-us Wed, 30 Jun 2021 00:00:00 +0530 Fri, 23 Jul 2021 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409480 The Tribunal dismissed the revenue's appeals and partly allowed the assessee's cross-objections for statistical purposes. The disallowance under Section 14A was restricted to exempt income, disallowance under Section 40(a)(ia) was referred back for fresh adjudication, and disallowance under Section 36(1)(iii) for interest on loans was deleted. The addition in computing book profit under Section 115JB was also dismissed. The Tribunal directed fresh adjudication on issues related to LTC loss, trading liability cessation, and TDS credit. Case-Laws Income Tax Wed, 30 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409480