https://www.taxtmi.com/caselaws?id=415741 The Tribunal upheld the lower authorities' decisions, classifying the income received from the company as salary income due to insufficient evidence supporting professional services. It denied the deduction of interest expenditure, emphasizing the lack of nexus with the income. The disallowance under section 14A for the assessment year 2015-2016 was confirmed at a reduced amount by the Tribunal, following the CIT(A)'s partial allowance. en-us Tue, 07 Dec 2021 00:00:00 +0530 Mon, 13 Dec 2021 08:36:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415741 The Tribunal upheld the lower authorities' decisions, classifying the income received from the company as salary income due to insufficient evidence supporting professional services. It denied the deduction of interest expenditure, emphasizing the lack of nexus with the income. The disallowance under section 14A for the assessment year 2015-2016 was confirmed at a reduced amount by the Tribunal, following the CIT(A)'s partial allowance. Case-Laws Income Tax Tue, 07 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415741