https://www.taxtmi.com/caselaws?id=306905 The ITAT Ahmedabad partially allowed the appeal regarding disallowance of interest expense, adhoc disallowances, and deduction restrictions, directing fresh adjudication on certain issues. The penalty under section 271(1)(c) was deleted due to the annulment of the disallowance. The tribunal ruled in favor of the assessee, deleting disallowances and penalties, partially allowing one appeal and fully allowing another. en-us Tue, 29 Jan 2019 00:00:00 +0530 Sun, 05 Mar 2023 16:59:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306905 The ITAT Ahmedabad partially allowed the appeal regarding disallowance of interest expense, adhoc disallowances, and deduction restrictions, directing fresh adjudication on certain issues. The penalty under section 271(1)(c) was deleted due to the annulment of the disallowance. The tribunal ruled in favor of the assessee, deleting disallowances and penalties, partially allowing one appeal and fully allowing another. Case-Laws Income Tax Tue, 29 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306905