https://www.taxtmi.com/caselaws?id=202081 The tribunal upheld the CIT(A)'s decision on both issues. Regarding deduction u/s 80IB for insurance receipts, the tribunal agreed with the CIT(A) that interest income, claims received, miscellaneous receipts, excess provisions, and depreciation should be included in calculating the deduction. The tribunal relied on "Spot King India Ltd." as a jurisdictional High Court decision. Concerning disallowance u/s 14A of the I.T. Act, the tribunal confirmed the CIT(A)'s decision, emphasizing that the burden is on the AO to establish the nexus of expenses with exempt income. The department's appeal was dismissed, affirming the CIT(A)'s rulings. en-us Fri, 07 Jan 2011 00:00:00 +0530 Mon, 31 Dec 2018 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202081 The tribunal upheld the CIT(A)'s decision on both issues. Regarding deduction u/s 80IB for insurance receipts, the tribunal agreed with the CIT(A) that interest income, claims received, miscellaneous receipts, excess provisions, and depreciation should be included in calculating the deduction. The tribunal relied on "Spot King India Ltd." as a jurisdictional High Court decision. Concerning disallowance u/s 14A of the I.T. Act, the tribunal confirmed the CIT(A)'s decision, emphasizing that the burden is on the AO to establish the nexus of expenses with exempt income. The department's appeal was dismissed, affirming the CIT(A)'s rulings. Case-Laws Income Tax Fri, 07 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202081