https://www.taxtmi.com/caselaws?id=302523 The Tribunal set aside the disallowance u/s 14A of Rs.2,47,464, directing the Assessing Officer to reconsider based on established principles. The addition of unproved purchases was reduced to Rs.29,97,477, with directions for reevaluation and cross-examination of suppliers. The disallowance of commission paid to directors was upheld at Rs.94,59,161, emphasizing lack of direct personal efforts. Compliance with charging interest u/s 234C was ordered, resulting in a partial allowance of the appeal based on specific issue decisions. en-us Wed, 31 May 2017 00:00:00 +0530 Wed, 01 Jun 2022 19:04:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302523 The Tribunal set aside the disallowance u/s 14A of Rs.2,47,464, directing the Assessing Officer to reconsider based on established principles. The addition of unproved purchases was reduced to Rs.29,97,477, with directions for reevaluation and cross-examination of suppliers. The disallowance of commission paid to directors was upheld at Rs.94,59,161, emphasizing lack of direct personal efforts. Compliance with charging interest u/s 234C was ordered, resulting in a partial allowance of the appeal based on specific issue decisions. Case-Laws Income Tax Wed, 31 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302523