https://www.taxtmi.com/caselaws?id=263554 The Tribunal upheld the Commissioner of Income-tax (Appeals) [CIT(A)]'s decisions in favor of the assessee, dismissing the revenue's appeal. The issues regarding provisions for gratuity and other benefits as contingent liabilities under section 115JB, depreciation on land, and disallowance under section 14A were decided in favor of the assessee. The Tribunal emphasized the consistent favorable rulings for the assessee in previous years and the necessity for the Assessing Officer to provide objective satisfaction before applying Rule 8D for disallowance under section 14A. en-us Wed, 26 Aug 2015 00:00:00 +0530 Fri, 04 Sep 2015 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263554 The Tribunal upheld the Commissioner of Income-tax (Appeals) [CIT(A)]'s decisions in favor of the assessee, dismissing the revenue's appeal. The issues regarding provisions for gratuity and other benefits as contingent liabilities under section 115JB, depreciation on land, and disallowance under section 14A were decided in favor of the assessee. The Tribunal emphasized the consistent favorable rulings for the assessee in previous years and the necessity for the Assessing Officer to provide objective satisfaction before applying Rule 8D for disallowance under section 14A. Case-Laws Income Tax Wed, 26 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263554