https://www.taxtmi.com/caselaws?id=214668 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs.1,43,74,590/- made by the AO. It found that the load collected by the asset management company was not its income but belonged to the mutual fund, to be used for specific purposes according to SEBI regulations. The Tribunal concluded that the load amount was not taxable in the hands of the assessee, dismissing the revenue's appeal. en-us Wed, 30 May 2012 00:00:00 +0530 Mon, 02 Jul 2012 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214668 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs.1,43,74,590/- made by the AO. It found that the load collected by the asset management company was not its income but belonged to the mutual fund, to be used for specific purposes according to SEBI regulations. The Tribunal concluded that the load amount was not taxable in the hands of the assessee, dismissing the revenue's appeal. Case-Laws Income Tax Wed, 30 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214668