https://www.taxtmi.com/caselaws?id=297649 The Tribunal validated the revised return filed under Section 139(5) but rejected the carry forward of loss due to expiration of the time period. The issue of low contract revenue was sent back to the AO for a fresh decision on turnover calculation. The Tribunal upheld the re-computation of disallowance under Rule 8D(2)(iii) directed by the CIT(A) and confirmed the deletion of interest disallowance under Section 36(1)(iii) based on the assessee's excess interest-free funds. en-us Fri, 28 Apr 2017 00:00:00 +0530 Thu, 16 Sep 2021 09:02:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297649 The Tribunal validated the revised return filed under Section 139(5) but rejected the carry forward of loss due to expiration of the time period. The issue of low contract revenue was sent back to the AO for a fresh decision on turnover calculation. The Tribunal upheld the re-computation of disallowance under Rule 8D(2)(iii) directed by the CIT(A) and confirmed the deletion of interest disallowance under Section 36(1)(iii) based on the assessee's excess interest-free funds. Case-Laws Income Tax Fri, 28 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297649