https://www.taxtmi.com/caselaws?id=239297 The Tribunal allowed the assessee's appeals for AY 2007-08 and partly for AY 2008-09, while dismissing the Revenue's appeal for AY 2008-09. The Tribunal directed the AO to delete the disallowances made under sections 40(a)(i) and 14A, and to allow the legal and professional expenses as revenue in nature. The Tribunal also directed the AO to re-examine the application of section 14A and make a fresh determination. en-us Fri, 19 Apr 2013 00:00:00 +0530 Sun, 10 Nov 2013 07:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239297 The Tribunal allowed the assessee's appeals for AY 2007-08 and partly for AY 2008-09, while dismissing the Revenue's appeal for AY 2008-09. The Tribunal directed the AO to delete the disallowances made under sections 40(a)(i) and 14A, and to allow the legal and professional expenses as revenue in nature. The Tribunal also directed the AO to re-examine the application of section 14A and make a fresh determination. Case-Laws Income Tax Fri, 19 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239297