https://www.taxtmi.com/caselaws?id=262084 The tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision on both issues. It held that expenses relatable to exempt income under section 14A were not to be disallowed, following decisions of various High Courts and the Supreme Court. Additionally, it allowed the rebate under section 88E against MAT under section 115JB, citing legislative intent and previous judgments. en-us Fri, 22 May 2015 00:00:00 +0530 Sat, 01 Aug 2015 08:38:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262084 The tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision on both issues. It held that expenses relatable to exempt income under section 14A were not to be disallowed, following decisions of various High Courts and the Supreme Court. Additionally, it allowed the rebate under section 88E against MAT under section 115JB, citing legislative intent and previous judgments. Case-Laws Income Tax Fri, 22 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262084