https://www.taxtmi.com/caselaws?id=345745 The Tribunal dismissed the Revenue's appeals, upholding the CIT(A)'s decisions on both issues. The Tribunal emphasized timely payment of employee contributions and clarified that disallowance under Rule 8D does not apply if contributions are paid before the return due date. Additionally, it ruled that when interest on debentures is not exempt income, disallowance under section 14A(2) cannot be made. The comprehensive legal analysis led to the dismissal of the Revenue's appeals. en-us Thu, 09 Mar 2017 00:00:00 +0530 Wed, 26 Jul 2017 08:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345745 The Tribunal dismissed the Revenue's appeals, upholding the CIT(A)'s decisions on both issues. The Tribunal emphasized timely payment of employee contributions and clarified that disallowance under Rule 8D does not apply if contributions are paid before the return due date. Additionally, it ruled that when interest on debentures is not exempt income, disallowance under section 14A(2) cannot be made. The comprehensive legal analysis led to the dismissal of the Revenue's appeals. Case-Laws Income Tax Thu, 09 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345745