https://www.taxtmi.com/caselaws?id=770532 ITAT Kolkata allowed the assessee's appeal for statistical purposes. The tribunal restricted disallowance under section 14A to the amount of dividend income earned, following HC precedent. Addition for notional rental value of unsold units was deleted as section 23(5) provisions apply prospectively from 2018-19. The matter of proportionate interest expenses was remanded to AO for considering net interest allocation across segments. Addition under section 69C was also restored to AO for re-examination considering fresh reconciliation statements and evidence submitted by the assessee. en-us Wed, 08 Jan 2025 00:00:00 +0530 Tue, 13 May 2025 09:17:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770532 ITAT Kolkata allowed the assessee's appeal for statistical purposes. The tribunal restricted disallowance under section 14A to the amount of dividend income earned, following HC precedent. Addition for notional rental value of unsold units was deleted as section 23(5) provisions apply prospectively from 2018-19. The matter of proportionate interest expenses was remanded to AO for considering net interest allocation across segments. Addition under section 69C was also restored to AO for re-examination considering fresh reconciliation statements and evidence submitted by the assessee. Case-Laws Income Tax Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770532