https://www.taxtmi.com/caselaws?id=347432 The Tax Appeals were dismissed, upholding the Tribunal's decisions on various issues. The Tribunal ruled in favor of the assessee on disallowance under section 14A, computation of book profit under section 115JB, deduction under section 80IA(4), and treatment of income from trading carbon credits. The Tribunal emphasized that disallowance cannot be made when the assessee has substantial interest-free funds exceeding tax-free investments, and income from carbon credits should be treated as capital receipts and not taxable. en-us Mon, 28 Aug 2017 00:00:00 +0530 Fri, 01 Sep 2017 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347432 The Tax Appeals were dismissed, upholding the Tribunal's decisions on various issues. The Tribunal ruled in favor of the assessee on disallowance under section 14A, computation of book profit under section 115JB, deduction under section 80IA(4), and treatment of income from trading carbon credits. The Tribunal emphasized that disallowance cannot be made when the assessee has substantial interest-free funds exceeding tax-free investments, and income from carbon credits should be treated as capital receipts and not taxable. Case-Laws Income Tax Mon, 28 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347432