https://www.taxtmi.com/caselaws?id=301789 The Tribunal partially allowed the appeal, ruling in favor of the assessee on the disallowance under section 14A, and directing the CIT(A) to verify certain expenses for accurate computation. The issue of computing disallowance under section 14A against non-taxable income was not discussed due to the favorable decision on the first issue. Regarding the levy of interest under sections 234B and 234C, the Tribunal referred the matter back to the Assessing Officer pending a High Court writ petition. An additional ground challenging interest under section 234D was admitted, leading to the deletion of the interest deemed unjustified. en-us Mon, 31 Jan 2011 00:00:00 +0530 Wed, 20 Apr 2022 16:00:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301789 The Tribunal partially allowed the appeal, ruling in favor of the assessee on the disallowance under section 14A, and directing the CIT(A) to verify certain expenses for accurate computation. The issue of computing disallowance under section 14A against non-taxable income was not discussed due to the favorable decision on the first issue. Regarding the levy of interest under sections 234B and 234C, the Tribunal referred the matter back to the Assessing Officer pending a High Court writ petition. An additional ground challenging interest under section 234D was admitted, leading to the deletion of the interest deemed unjustified. Case-Laws Income Tax Mon, 31 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301789