https://www.taxtmi.com/caselaws?id=297328 The Revenue's appeal challenging the disallowance of expenses for capital work-in-progress was dismissed by the Tribunal, upholding a 1% disallowance rate for employee and administrative expenses. The assessee's appeal against disallowance under section 14A succeeded, with the Tribunal deleting the disallowance for lack of justification. The Tribunal deemed the interest charge under section 234-B as consequential, dismissing the Revenue's appeal and partly allowing the assessee's appeal. The judgment was issued on March 11, 2016, in Ahmedabad. en-us Fri, 11 Mar 2016 00:00:00 +0530 Sat, 28 Aug 2021 09:20:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297328 The Revenue's appeal challenging the disallowance of expenses for capital work-in-progress was dismissed by the Tribunal, upholding a 1% disallowance rate for employee and administrative expenses. The assessee's appeal against disallowance under section 14A succeeded, with the Tribunal deleting the disallowance for lack of justification. The Tribunal deemed the interest charge under section 234-B as consequential, dismissing the Revenue's appeal and partly allowing the assessee's appeal. The judgment was issued on March 11, 2016, in Ahmedabad. Case-Laws Income Tax Fri, 11 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297328