https://www.taxtmi.com/caselaws?id=306175 The Tribunal partially allowed both the assessee's and the revenue's appeals. Regarding the disallowance under Section 14A, the Tribunal restricted it to the exempt income earned and directed consideration only of investments yielding dividend income. For the transfer pricing adjustment, the Tribunal vacated the upward adjustment for corporate guarantees. Additionally, the Tribunal allowed the deduction for Education Cess and Secondary and Higher Education Cess under Section 37. en-us Mon, 15 Feb 2021 00:00:00 +0530 Sun, 15 Jan 2023 14:51:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306175 The Tribunal partially allowed both the assessee's and the revenue's appeals. Regarding the disallowance under Section 14A, the Tribunal restricted it to the exempt income earned and directed consideration only of investments yielding dividend income. For the transfer pricing adjustment, the Tribunal vacated the upward adjustment for corporate guarantees. Additionally, the Tribunal allowed the deduction for Education Cess and Secondary and Higher Education Cess under Section 37. Case-Laws Income Tax Mon, 15 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306175