https://www.taxtmi.com/caselaws?id=354103 The Tribunal upheld the CIT(A)'s decisions on all grounds, dismissing the Revenue's appeal. The deletion of disallowance of expenses was justified as genuine and incurred for business purposes. Rental income was classified as business income due to a temporary suspension of business activities. The restriction of disallowance under Section 14A was limited to actual expenses incurred, not notional amounts. The Tribunal found no fault in the CIT(A)'s orders and pronounced the decision on 10.11.2017. en-us Fri, 10 Nov 2017 00:00:00 +0530 Thu, 18 Jan 2018 08:24:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354103 The Tribunal upheld the CIT(A)'s decisions on all grounds, dismissing the Revenue's appeal. The deletion of disallowance of expenses was justified as genuine and incurred for business purposes. Rental income was classified as business income due to a temporary suspension of business activities. The restriction of disallowance under Section 14A was limited to actual expenses incurred, not notional amounts. The Tribunal found no fault in the CIT(A)'s orders and pronounced the decision on 10.11.2017. Case-Laws Income Tax Fri, 10 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354103