https://www.taxtmi.com/caselaws?id=436910 The Tribunal partly allowed all appeals of the assessee regarding disallowances under Sections 43B(f) and 14A of the Income Tax Act. For Section 43B(f), the Tribunal directed the AO to verify the actual payment basis for leave encashment, following the precedent set in TV Today Network Ltd. Regarding Section 14A, the Tribunal instructed the AO to rework the disallowance under Rule 8D(2)(iii) considering only investments yielding tax-free income, as per the Delhi High Court's decision in Cargo Motors (P.) Ltd vs. DCIT. The issues were sent back to the AO for re-evaluation, allowing the assessee's grounds partly for statistical purposes. en-us Fri, 31 Mar 2023 00:00:00 +0530 Sat, 22 Apr 2023 09:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436910 The Tribunal partly allowed all appeals of the assessee regarding disallowances under Sections 43B(f) and 14A of the Income Tax Act. For Section 43B(f), the Tribunal directed the AO to verify the actual payment basis for leave encashment, following the precedent set in TV Today Network Ltd. Regarding Section 14A, the Tribunal instructed the AO to rework the disallowance under Rule 8D(2)(iii) considering only investments yielding tax-free income, as per the Delhi High Court's decision in Cargo Motors (P.) Ltd vs. DCIT. The issues were sent back to the AO for re-evaluation, allowing the assessee's grounds partly for statistical purposes. Case-Laws Income Tax Fri, 31 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436910