https://www.taxtmi.com/caselaws?id=410359 The Tribunal partly allowed ITA Nos. 971/Bang/2018 and 1925/Bang/2017, remanding certain issues back to the AO for fresh consideration. ITA No. 972/Bang/2018 was dismissed. The disallowance of provision for ex-gratia payment for AY 2009-10 was challenged and remitted for fresh consideration. Disallowances under section 14A for both AYs were upheld due to insufficient evidence. The computation of tax liability under section 115JB was deemed valid, and the validity of proceedings under section 148 for AY 2010-11 was upheld. en-us Thu, 29 Jul 2021 00:00:00 +0530 Fri, 02 Dec 2022 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410359 The Tribunal partly allowed ITA Nos. 971/Bang/2018 and 1925/Bang/2017, remanding certain issues back to the AO for fresh consideration. ITA No. 972/Bang/2018 was dismissed. The disallowance of provision for ex-gratia payment for AY 2009-10 was challenged and remitted for fresh consideration. Disallowances under section 14A for both AYs were upheld due to insufficient evidence. The computation of tax liability under section 115JB was deemed valid, and the validity of proceedings under section 148 for AY 2010-11 was upheld. Case-Laws Income Tax Thu, 29 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410359