https://www.taxtmi.com/caselaws?id=178814 The Ld. CIT(A) deleted the addition made under sec. 14A read with Rule 8D for A.Y. 2008-09 and 2009-10 as the Assessing Officer erred in invoking sec. 14A without proper assessment, considering the assessee had sufficient own funds for investments. The Revenue's appeal against this deletion was dismissed. Regarding the partial disallowance of expenditure on advertisement, the ITAT upheld the decision to disallow a significant amount spent on religious activities, distinguishing it from corporate social responsibility expenses. The issue of whether temple renovation expenses could qualify as corporate social responsibility was referred to a Special Bench for determination. en-us Tue, 09 Jun 2015 00:00:00 +0530 Sat, 13 Feb 2016 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178814 The Ld. CIT(A) deleted the addition made under sec. 14A read with Rule 8D for A.Y. 2008-09 and 2009-10 as the Assessing Officer erred in invoking sec. 14A without proper assessment, considering the assessee had sufficient own funds for investments. The Revenue's appeal against this deletion was dismissed. Regarding the partial disallowance of expenditure on advertisement, the ITAT upheld the decision to disallow a significant amount spent on religious activities, distinguishing it from corporate social responsibility expenses. The issue of whether temple renovation expenses could qualify as corporate social responsibility was referred to a Special Bench for determination. Case-Laws Income Tax Tue, 09 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178814