https://www.taxtmi.com/caselaws?id=326011 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decisions in favor of the assessee on all issues. The Tribunal directed the exclusion of profits on the sale of investments from taxable income, exempted the assessee from the disallowance of expenditure under Section 14A, allowed club expenses as business expenditure, confirmed the inapplicability of Section 115JB (Minimum Alternate Tax), and upheld the direction to grant credit for Dividend Distribution Tax. The order was pronounced on 2nd March 2016. en-us Wed, 02 Mar 2016 00:00:00 +0530 Sat, 02 Apr 2016 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326011 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decisions in favor of the assessee on all issues. The Tribunal directed the exclusion of profits on the sale of investments from taxable income, exempted the assessee from the disallowance of expenditure under Section 14A, allowed club expenses as business expenditure, confirmed the inapplicability of Section 115JB (Minimum Alternate Tax), and upheld the direction to grant credit for Dividend Distribution Tax. The order was pronounced on 2nd March 2016. Case-Laws Income Tax Wed, 02 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326011