https://www.taxtmi.com/caselaws?id=774818 The ITAT Ahmedabad ruled on multiple issues in favor of the assessee company. For section 14A disallowance, the tribunal held that with own resources of Rs. 3158 crores against investments of Rs. 883 crores, no interest disallowance was required, limiting disallowance to Rs. 41.48 lakhs instead of Rs. 7.02 crores. On transfer pricing adjustments, no further adjustment was required following previous tribunal decisions. ESOP deduction was allowed as revenue expenditure following HC precedents. The matter regarding LTCG computation and notional interest income was remitted to AO for re-examination and detailed verification respectively. en-us Thu, 03 Jul 2025 00:00:00 +0530 Tue, 15 Jul 2025 08:39:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774818 The ITAT Ahmedabad ruled on multiple issues in favor of the assessee company. For section 14A disallowance, the tribunal held that with own resources of Rs. 3158 crores against investments of Rs. 883 crores, no interest disallowance was required, limiting disallowance to Rs. 41.48 lakhs instead of Rs. 7.02 crores. On transfer pricing adjustments, no further adjustment was required following previous tribunal decisions. ESOP deduction was allowed as revenue expenditure following HC precedents. The matter regarding LTCG computation and notional interest income was remitted to AO for re-examination and detailed verification respectively. Case-Laws Income Tax Thu, 03 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774818