https://www.taxtmi.com/caselaws?id=177111 The tribunal allowed the assessee's appeal, granting relief on various grounds related to exemptions, deductions, and applicability of tax provisions under the Income Tax Act, 1961. The tribunal ruled in favor of the assessee on issues such as exemption on profits from the sale of investments, disallowance under section 14A, and non-applicability of section 115JB (MAT). However, certain deductions and alternate grounds were rejected based on previous decisions and lack of taxable income. The tribunal directed the Assessing Officer to re-examine the interest calculation under section 234C. en-us Wed, 15 Feb 2012 00:00:00 +0530 Tue, 29 Aug 2017 09:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177111 The tribunal allowed the assessee's appeal, granting relief on various grounds related to exemptions, deductions, and applicability of tax provisions under the Income Tax Act, 1961. The tribunal ruled in favor of the assessee on issues such as exemption on profits from the sale of investments, disallowance under section 14A, and non-applicability of section 115JB (MAT). However, certain deductions and alternate grounds were rejected based on previous decisions and lack of taxable income. The tribunal directed the Assessing Officer to re-examine the interest calculation under section 234C. Case-Laws Income Tax Wed, 15 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177111