https://www.taxtmi.com/caselaws?id=464402 ITAT CHANDIGARH allowed appeals. It held no disallowance under s.14A since interest-free funds sufficed for investments, rendering Rule 8D computation unnecessary (though a limited calculation issue was remitted to the AO for verification). Additions for excessive commission were deleted where payments were board-approved, long-standing, revenue-neutral and not to a related party. Disallowances under s.36(1)(iii) were deleted, finding inter-company flows to be regular trade transactions not loans. Disallowance of consultancy expenses was also upheld in favour of the assessee based on earlier tribunal findings. en-us Tue, 15 Jun 2021 00:00:00 +0530 Tue, 28 Oct 2025 12:04:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464402 ITAT CHANDIGARH allowed appeals. It held no disallowance under s.14A since interest-free funds sufficed for investments, rendering Rule 8D computation unnecessary (though a limited calculation issue was remitted to the AO for verification). Additions for excessive commission were deleted where payments were board-approved, long-standing, revenue-neutral and not to a related party. Disallowances under s.36(1)(iii) were deleted, finding inter-company flows to be regular trade transactions not loans. Disallowance of consultancy expenses was also upheld in favour of the assessee based on earlier tribunal findings. Case-Laws Income Tax Tue, 15 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464402