https://www.taxtmi.com/caselaws?id=416579 The Tribunal partly allowed the appeals for AY 2004-05 and AY 2005-06. It directed the Assessing Officer to redetermine the disallowance under Section 14A, limiting it to 10% of dividend income. The addition of interest on Inter-Corporate Deposits was vacated due to doubts on recovery. The Excise Duty refund was held taxable under Section 41(1). The enhancement of income under Section 94(7) was vacated as beyond the CIT(A)'s jurisdiction. Technical know-how fees were treated as revenue expenditure, allowing deduction, and royalty payments were not considered for the year. en-us Thu, 30 Dec 2021 00:00:00 +0530 Fri, 31 Dec 2021 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416579 The Tribunal partly allowed the appeals for AY 2004-05 and AY 2005-06. It directed the Assessing Officer to redetermine the disallowance under Section 14A, limiting it to 10% of dividend income. The addition of interest on Inter-Corporate Deposits was vacated due to doubts on recovery. The Excise Duty refund was held taxable under Section 41(1). The enhancement of income under Section 94(7) was vacated as beyond the CIT(A)'s jurisdiction. Technical know-how fees were treated as revenue expenditure, allowing deduction, and royalty payments were not considered for the year. Case-Laws Income Tax Thu, 30 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416579