https://www.taxtmi.com/caselaws?id=337858 The Tribunal allowed the deduction under Section 80IA of the Income Tax Act on the addition made under Section 14A read with Rule 8D for the assessment year 2010-11. It held that the assessee, engaged in infrastructure development, was eligible for the deduction as the disallowance under Section 14A increased profits. The Tribunal emphasized commercial expediency, lack of exempt income, and revenue neutrality, directing the deletion of the disallowance. The Department's appeal was dismissed, aligning with the CBDT Circular and previous Tribunal decisions. en-us Wed, 11 Jan 2017 00:00:00 +0530 Thu, 19 Jan 2017 08:30:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337858 The Tribunal allowed the deduction under Section 80IA of the Income Tax Act on the addition made under Section 14A read with Rule 8D for the assessment year 2010-11. It held that the assessee, engaged in infrastructure development, was eligible for the deduction as the disallowance under Section 14A increased profits. The Tribunal emphasized commercial expediency, lack of exempt income, and revenue neutrality, directing the deletion of the disallowance. The Department's appeal was dismissed, aligning with the CBDT Circular and previous Tribunal decisions. Case-Laws Income Tax Wed, 11 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337858