https://www.taxtmi.com/caselaws?id=177922 The tribunal's decision in the case concerning the attribution of expenditure to exempted income earned by the assessee was upheld by the court. The court ruled that no expenditure could be attributed to the exempted income amounts, emphasizing that advancements like computerization and online transactions eliminate the need for any expenditure by the assessee in earning such income. The court dismissed the appeals and answered the substantial questions of law in favor of the assessee, highlighting the legal principle that no expenditure can be attributed to income earned without incurring costs. en-us Mon, 02 Jun 2014 00:00:00 +0530 Mon, 25 Jul 2016 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177922 The tribunal's decision in the case concerning the attribution of expenditure to exempted income earned by the assessee was upheld by the court. The court ruled that no expenditure could be attributed to the exempted income amounts, emphasizing that advancements like computerization and online transactions eliminate the need for any expenditure by the assessee in earning such income. The court dismissed the appeals and answered the substantial questions of law in favor of the assessee, highlighting the legal principle that no expenditure can be attributed to income earned without incurring costs. Case-Laws Income Tax Mon, 02 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177922