https://www.taxtmi.com/caselaws?id=441893 The appeal by the assessee was partly allowed for statistical purposes. The disallowance under section 14A of the Income Tax Act was deleted as the amendment was found to be prospective, not retrospective. The matter of capital expenditure was remitted back to the Assessing Officer for reconsideration as depreciation was not allowed. The disallowance due to a difference in TDS deductions was upheld as the appellant failed to provide a satisfactory explanation for the discrepancy. en-us Wed, 19 Jul 2023 00:00:00 +0530 Fri, 18 Aug 2023 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441893 The appeal by the assessee was partly allowed for statistical purposes. The disallowance under section 14A of the Income Tax Act was deleted as the amendment was found to be prospective, not retrospective. The matter of capital expenditure was remitted back to the Assessing Officer for reconsideration as depreciation was not allowed. The disallowance due to a difference in TDS deductions was upheld as the appellant failed to provide a satisfactory explanation for the discrepancy. Case-Laws Income Tax Wed, 19 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441893