https://www.taxtmi.com/caselaws?id=442290 The Tribunal allowed the appeal of the assessee, setting aside the disallowances made by the AO and upheld by the CIT(A) on both issues related to the disallowance of loss on the sale of Mentha Oil and disallowance under Section 14A read with Rule 8D. The Tribunal found that the AO did not provide sufficient grounds to disallow the claimed losses and expenses, leading to the deletion of the disallowances. en-us Fri, 31 Mar 2023 00:00:00 +0530 Mon, 28 Aug 2023 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442290 The Tribunal allowed the appeal of the assessee, setting aside the disallowances made by the AO and upheld by the CIT(A) on both issues related to the disallowance of loss on the sale of Mentha Oil and disallowance under Section 14A read with Rule 8D. The Tribunal found that the AO did not provide sufficient grounds to disallow the claimed losses and expenses, leading to the deletion of the disallowances. Case-Laws Income Tax Fri, 31 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442290