https://www.taxtmi.com/caselaws?id=443493 The appeal for the assessment year 2016-17 was partly allowed, with the Tribunal directing the Assessing Officer to reexamine various disallowances and additions. The disallowance of Repair and Maintenance expenses was remitted for further evidence evaluation, notional rent additions were to be verified, fair market value considerations were to be revised, and disallowance under Section 14A read with Rule 8D was to be recomputed. For the assessment year 2017-18, the Tribunal remitted issues regarding notional rent and depreciation on fixed assets back to the AO for verification and fresh consideration, respectively. en-us Thu, 21 Sep 2023 00:00:00 +0530 Sat, 23 Sep 2023 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443493 The appeal for the assessment year 2016-17 was partly allowed, with the Tribunal directing the Assessing Officer to reexamine various disallowances and additions. The disallowance of Repair and Maintenance expenses was remitted for further evidence evaluation, notional rent additions were to be verified, fair market value considerations were to be revised, and disallowance under Section 14A read with Rule 8D was to be recomputed. For the assessment year 2017-18, the Tribunal remitted issues regarding notional rent and depreciation on fixed assets back to the AO for verification and fresh consideration, respectively. Case-Laws Income Tax Thu, 21 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443493