https://www.taxtmi.com/caselaws?id=463605 ITAT, Pune partly allowed revenue's appeal on section 14A disallowance, directing AO to restrict disallowance to actual dividend income of Rs.23,575. The Tribunal dismissed revenue's grounds challenging deletion of additions for alleged unsupported communication, travel and miscellaneous vouchers, finding no specific infirmity. The Tribunal upheld deletion of 50% disallowance of depreciation on luxury motor cars, rejecting presumed personal use. The Tribunal also dismissed challenge to allowance of deduction under s.80IA(4), observing consistent prior allowance in the assessee's own case; other revenue grounds were dismissed. en-us Tue, 17 Sep 2024 00:00:00 +0530 Mon, 08 Sep 2025 18:59:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463605 ITAT, Pune partly allowed revenue's appeal on section 14A disallowance, directing AO to restrict disallowance to actual dividend income of Rs.23,575. The Tribunal dismissed revenue's grounds challenging deletion of additions for alleged unsupported communication, travel and miscellaneous vouchers, finding no specific infirmity. The Tribunal upheld deletion of 50% disallowance of depreciation on luxury motor cars, rejecting presumed personal use. The Tribunal also dismissed challenge to allowance of deduction under s.80IA(4), observing consistent prior allowance in the assessee's own case; other revenue grounds were dismissed. Case-Laws Income Tax Tue, 17 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463605