https://www.taxtmi.com/caselaws?id=235036 The Tribunal allowed the appeal in favor of the assessee, setting aside the Commissioner (Appeals) order. It held that the premium paid on redemption of premium notes was allowable and could not be disallowed under section 14A of the Income Tax Act, 1961 for the assessment year 2004-05. The decision was based on the precedent established by a previous case where the High Court affirmed a similar ruling, emphasizing the binding nature of such decisions. en-us Tue, 30 Apr 2013 00:00:00 +0530 Tue, 09 Jul 2013 08:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235036 The Tribunal allowed the appeal in favor of the assessee, setting aside the Commissioner (Appeals) order. It held that the premium paid on redemption of premium notes was allowable and could not be disallowed under section 14A of the Income Tax Act, 1961 for the assessment year 2004-05. The decision was based on the precedent established by a previous case where the High Court affirmed a similar ruling, emphasizing the binding nature of such decisions. Case-Laws Income Tax Tue, 30 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235036