https://www.taxtmi.com/caselaws?id=350694 The High Court ruled in favor of the assessee in two appeals concerning challenges to the Tribunal's order confirming the CIT(A)'s decision. The Court decided in favor of the assessee on issues related to disallowances under Sections 80IA, 14A, and 43B of the Act, citing relevant precedents and emphasizing the need for a nexus between expenditure and dividend income. The Court dismissed the challenges raised by the department, highlighting the lack of disclosed reasons for disallowance and the absence of a reasonable nexus between the disallowed expenditure and dividend income. en-us Tue, 22 Aug 2017 00:00:00 +0530 Mon, 18 Dec 2017 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350694 The High Court ruled in favor of the assessee in two appeals concerning challenges to the Tribunal's order confirming the CIT(A)'s decision. The Court decided in favor of the assessee on issues related to disallowances under Sections 80IA, 14A, and 43B of the Act, citing relevant precedents and emphasizing the need for a nexus between expenditure and dividend income. The Court dismissed the challenges raised by the department, highlighting the lack of disclosed reasons for disallowance and the absence of a reasonable nexus between the disallowed expenditure and dividend income. Case-Laws Income Tax Tue, 22 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350694