https://www.taxtmi.com/caselaws?id=261088 The Tribunal ruled in favor of the assessee on all counts. The disallowance under Section 14A was significantly reduced to a lump sum amount, the expenditure for access to the branch network was treated as revenue expenditure, and the addition of disallowed expenditure under Section 14A while computing book profit under Section 115JB was disallowed. The Tribunal's decision was based on previous judgments and a thorough examination of the facts and circumstances of the case. en-us Fri, 26 Jun 2015 00:00:00 +0530 Thu, 02 Jul 2015 06:08:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261088 The Tribunal ruled in favor of the assessee on all counts. The disallowance under Section 14A was significantly reduced to a lump sum amount, the expenditure for access to the branch network was treated as revenue expenditure, and the addition of disallowed expenditure under Section 14A while computing book profit under Section 115JB was disallowed. The Tribunal's decision was based on previous judgments and a thorough examination of the facts and circumstances of the case. Case-Laws Income Tax Fri, 26 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261088