https://www.taxtmi.com/caselaws?id=312078 Disallowances under section 40(a)(i), section 14A and section 40(a)(ia) were not finally determined because the factual foundation needed verification and additional evidence required a remand report. The ITAT restored the matters to the Commissioner of Income Tax (Appeals) for fresh adjudication in accordance with law, including reconsideration of interest expenditure and the Rule 46A objection. For assessment year 2011-12, the assessee's connected grounds were treated on the same footing and also remitted for de novo examination. The appeals were disposed of for statistical purposes, with all disputed disallowances left open for reconsideration. en-us Fri, 23 Dec 2022 00:00:00 +0530 Tue, 30 Jan 2024 18:00:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312078 Disallowances under section 40(a)(i), section 14A and section 40(a)(ia) were not finally determined because the factual foundation needed verification and additional evidence required a remand report. The ITAT restored the matters to the Commissioner of Income Tax (Appeals) for fresh adjudication in accordance with law, including reconsideration of interest expenditure and the Rule 46A objection. For assessment year 2011-12, the assessee's connected grounds were treated on the same footing and also remitted for de novo examination. The appeals were disposed of for statistical purposes, with all disputed disallowances left open for reconsideration. Case-Laws Income Tax Fri, 23 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312078