https://www.taxtmi.com/caselaws?id=330235 The Tribunal ruled in favor of the assessee, dismissing the Revenue's appeal and allowing the assessee's cross-objections. It held that disallowances made by the Assessing Officer and sustained by the CIT(A) were not justified, including disallowances under Rule 8D read with Section 14A and provisions for bad debts and expenses. The Tribunal found no merit in the Revenue's arguments and upheld the decisions of the lower authorities in favor of the assessee. en-us Tue, 12 Jul 2016 00:00:00 +0530 Thu, 21 Jul 2016 10:39:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330235 The Tribunal ruled in favor of the assessee, dismissing the Revenue's appeal and allowing the assessee's cross-objections. It held that disallowances made by the Assessing Officer and sustained by the CIT(A) were not justified, including disallowances under Rule 8D read with Section 14A and provisions for bad debts and expenses. The Tribunal found no merit in the Revenue's arguments and upheld the decisions of the lower authorities in favor of the assessee. Case-Laws Income Tax Tue, 12 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330235