https://www.taxtmi.com/caselaws?id=429694 The appeal filed by the assessee was partly allowed for statistical purposes, with the Tribunal remitting the issue of the addition of Rs. 1003,53,93,000 in respect of interim bonus paid back to the AO for further examination. The appeal filed by the Revenue was dismissed. The Tribunal upheld the deletion of disallowance under section 14A read with rule 8D by the CIT(A), citing consistency with previous rulings. Penalty proceedings under section 271(1)(c) were deemed premature and not decided, while interest issues under sections 234B, 234C, and 234D were to be addressed by the AO accordingly. en-us Thu, 29 Sep 2022 00:00:00 +0530 Wed, 02 Nov 2022 08:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429694 The appeal filed by the assessee was partly allowed for statistical purposes, with the Tribunal remitting the issue of the addition of Rs. 1003,53,93,000 in respect of interim bonus paid back to the AO for further examination. The appeal filed by the Revenue was dismissed. The Tribunal upheld the deletion of disallowance under section 14A read with rule 8D by the CIT(A), citing consistency with previous rulings. Penalty proceedings under section 271(1)(c) were deemed premature and not decided, while interest issues under sections 234B, 234C, and 234D were to be addressed by the AO accordingly. Case-Laws Income Tax Thu, 29 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429694