https://www.taxtmi.com/caselaws?id=411077 The Tribunal partially allowed the appeal of the assessee, directing the Assessing Officer to make specific adjustments in the disallowances under sections 14A, 115JB, and 35(2AB) of the Income Tax Act. The Tribunal instructed the AO to delete the disallowance of interest, consider only investments yielding dividends for disallowance of administrative expenses under section 14A, adopt voluntary disallowance of actual expenses under section 115JB, and allow the weighted deduction claimed under section 35(2AB) for research and development activities. en-us Mon, 16 Aug 2021 00:00:00 +0530 Tue, 17 Aug 2021 09:02:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411077 The Tribunal partially allowed the appeal of the assessee, directing the Assessing Officer to make specific adjustments in the disallowances under sections 14A, 115JB, and 35(2AB) of the Income Tax Act. The Tribunal instructed the AO to delete the disallowance of interest, consider only investments yielding dividends for disallowance of administrative expenses under section 14A, adopt voluntary disallowance of actual expenses under section 115JB, and allow the weighted deduction claimed under section 35(2AB) for research and development activities. Case-Laws Income Tax Mon, 16 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411077