https://www.taxtmi.com/caselaws?id=425601 The Tribunal upheld the validity of proceedings under Section 153C of the Income Tax Act, dismissing the challenge raised by the assessee. However, the disallowance under Section 14A was remanded back to the Assessing Officer for fresh adjudication due to a recent retrospective amendment to the relevant provision. Both appeals were partly allowed for statistical purposes. en-us Mon, 25 Jul 2022 00:00:00 +0530 Wed, 27 Jul 2022 08:41:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425601 The Tribunal upheld the validity of proceedings under Section 153C of the Income Tax Act, dismissing the challenge raised by the assessee. However, the disallowance under Section 14A was remanded back to the Assessing Officer for fresh adjudication due to a recent retrospective amendment to the relevant provision. Both appeals were partly allowed for statistical purposes. Case-Laws Income Tax Mon, 25 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425601