https://www.taxtmi.com/caselaws?id=329172 The Tribunal partly allowed the appeal for assessment year 2008-09 and dismissed the appeal for assessment year 2009-10. The disallowance under section 14A of the Income Tax Act was deleted based on the argument that investments were made for maintaining controlling interest. However, the deletion of expenses claimed against income received from BCCI was reversed due to lack of supporting evidence provided by the assessee. The decision was rendered on 13/06/2016 by Shri Kul Bharat, JM, and Shri Vikram Singh Yadav, AM. en-us Mon, 13 Jun 2016 00:00:00 +0530 Fri, 24 Jun 2016 14:54:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329172 The Tribunal partly allowed the appeal for assessment year 2008-09 and dismissed the appeal for assessment year 2009-10. The disallowance under section 14A of the Income Tax Act was deleted based on the argument that investments were made for maintaining controlling interest. However, the deletion of expenses claimed against income received from BCCI was reversed due to lack of supporting evidence provided by the assessee. The decision was rendered on 13/06/2016 by Shri Kul Bharat, JM, and Shri Vikram Singh Yadav, AM. Case-Laws Income Tax Mon, 13 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329172