https://www.taxtmi.com/caselaws?id=421845 The Tribunal partly allowed the appeals for the assessee and dismissed them for the Revenue. The Tribunal upheld the CIT(A)'s decisions on certain issues, including sustaining additions under Section 14A read with Rule 8D and disallowance of interest expenses. However, specific issues were remanded back to the Assessing Officer for fresh consideration, such as the disallowance of advertisement and publicity expenses and ad-hoc disallowance of expenses incurred through credit card. The Tribunal directed the AO to verify certain aspects and business expediency before making final decisions. en-us Fri, 29 Apr 2022 00:00:00 +0530 Mon, 02 May 2022 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421845 The Tribunal partly allowed the appeals for the assessee and dismissed them for the Revenue. The Tribunal upheld the CIT(A)'s decisions on certain issues, including sustaining additions under Section 14A read with Rule 8D and disallowance of interest expenses. However, specific issues were remanded back to the Assessing Officer for fresh consideration, such as the disallowance of advertisement and publicity expenses and ad-hoc disallowance of expenses incurred through credit card. The Tribunal directed the AO to verify certain aspects and business expediency before making final decisions. Case-Laws Income Tax Fri, 29 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421845