https://www.taxtmi.com/caselaws?id=297418 The tribunal partially allowed the appeal for assessment year (AY) 2003-04 for statistical purposes, directing fresh consideration on the disallowance of interest expenditure under section 14A due to new arguments raised. The addition to book profit under section 115JB for AY 2003-04 was deleted by the CIT(A) and upheld by the tribunal. For AY 2004-05, the tribunal upheld the CIT(A)'s decision to delete the disallowance of interest under section 14A, noting the double disallowance made by the Assessing Officer. en-us Wed, 10 Nov 2010 00:00:00 +0530 Fri, 03 Sep 2021 15:24:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297418 The tribunal partially allowed the appeal for assessment year (AY) 2003-04 for statistical purposes, directing fresh consideration on the disallowance of interest expenditure under section 14A due to new arguments raised. The addition to book profit under section 115JB for AY 2003-04 was deleted by the CIT(A) and upheld by the tribunal. For AY 2004-05, the tribunal upheld the CIT(A)'s decision to delete the disallowance of interest under section 14A, noting the double disallowance made by the Assessing Officer. Case-Laws Income Tax Wed, 10 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297418