https://www.taxtmi.com/caselaws?id=766647 ITAT DELHI allowed the appeal for statistical purposes with mixed outcomes. The Tribunal deleted the disallowance under Section 14A as the assessee had sufficient interest-free funds for fresh investments, restricting disallowance to the suo moto amount of Rs. 6,30,937. Issues regarding exemptions under Sections 10B and 10AA were remanded to AO for verification of income nature and proper computation. Bad debt disallowance was deleted to avoid double taxation. Disallowance under Section 40(a)(ia) for foreign payments without TDS was confirmed following precedent. Interest disallowance on capital work-in-progress was remanded for verification. Leave encashment disallowance under Section 43B(f) was directed to be allowed when actual payment occurs. en-us Thu, 27 Feb 2025 00:00:00 +0530 Sat, 01 Mar 2025 08:25:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766647 ITAT DELHI allowed the appeal for statistical purposes with mixed outcomes. The Tribunal deleted the disallowance under Section 14A as the assessee had sufficient interest-free funds for fresh investments, restricting disallowance to the suo moto amount of Rs. 6,30,937. Issues regarding exemptions under Sections 10B and 10AA were remanded to AO for verification of income nature and proper computation. Bad debt disallowance was deleted to avoid double taxation. Disallowance under Section 40(a)(ia) for foreign payments without TDS was confirmed following precedent. Interest disallowance on capital work-in-progress was remanded for verification. Leave encashment disallowance under Section 43B(f) was directed to be allowed when actual payment occurs. Case-Laws Income Tax Thu, 27 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766647