https://www.taxtmi.com/caselaws?id=418237 The appeal of the revenue was dismissed, while the appeal and cross objection of the assessee were treated as allowed. The ITAT set aside the Ld CIT(A)'s order on expense disallowance and directed the AO to re-determine the disallowance following a specific precedent. The ITAT also addressed the legal issue regarding the import of disallowance under section 14A into section 115JB, directing the AO to compute the addition independently. en-us Mon, 07 Feb 2022 00:00:00 +0530 Fri, 11 Feb 2022 07:22:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418237 The appeal of the revenue was dismissed, while the appeal and cross objection of the assessee were treated as allowed. The ITAT set aside the Ld CIT(A)'s order on expense disallowance and directed the AO to re-determine the disallowance following a specific precedent. The ITAT also addressed the legal issue regarding the import of disallowance under section 14A into section 115JB, directing the AO to compute the addition independently. Case-Laws Income Tax Mon, 07 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418237