https://www.taxtmi.com/caselaws?id=260952 The Tribunal dismissed all grounds of appeal by the revenue, upholding the CIT(A)'s decisions on disallowances and additions. The AO's disallowance of repair and maintenance expenses was rejected due to lack of evidence and proper allocation. Disallowance under Section 14A was limited to 1% of exempted income. Disallowance under Section 40(a)(ia) for non-deduction of tax at source was overturned as recipients had no taxable income. An addition for inability to reconcile ITS details was deleted for lack of proper investigation by the AO. The judgment stressed the importance of evidence, tax compliance, and thorough inquiry by tax authorities. en-us Wed, 29 Apr 2015 00:00:00 +0530 Tue, 16 Jun 2015 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260952 The Tribunal dismissed all grounds of appeal by the revenue, upholding the CIT(A)'s decisions on disallowances and additions. The AO's disallowance of repair and maintenance expenses was rejected due to lack of evidence and proper allocation. Disallowance under Section 14A was limited to 1% of exempted income. Disallowance under Section 40(a)(ia) for non-deduction of tax at source was overturned as recipients had no taxable income. An addition for inability to reconcile ITS details was deleted for lack of proper investigation by the AO. The judgment stressed the importance of evidence, tax compliance, and thorough inquiry by tax authorities. Case-Laws Income Tax Wed, 29 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260952