https://www.taxtmi.com/caselaws?id=312171 ITAT Indore remanded two issues to AO for fresh consideration. Regarding Section 14A addition on share investments, the Tribunal noted that assessee made investments in group companies for commercial expediency with surplus funds available, but burden remains on assessee to prove no interest-bearing funds were used. The matter was restored following precedent from assessee's own case for AY 2008-09. For prior period expenses claim related to toll charge settlement, ITAT directed AO to verify and allow deduction only when corresponding income is actually received, following accounting standards requiring both probability of acceptance and reliable measurability for revenue recognition. en-us Tue, 20 Sep 2016 00:00:00 +0530 Tue, 06 Feb 2024 08:19:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312171 ITAT Indore remanded two issues to AO for fresh consideration. Regarding Section 14A addition on share investments, the Tribunal noted that assessee made investments in group companies for commercial expediency with surplus funds available, but burden remains on assessee to prove no interest-bearing funds were used. The matter was restored following precedent from assessee's own case for AY 2008-09. For prior period expenses claim related to toll charge settlement, ITAT directed AO to verify and allow deduction only when corresponding income is actually received, following accounting standards requiring both probability of acceptance and reliable measurability for revenue recognition. Case-Laws Income Tax Tue, 20 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312171