https://www.taxtmi.com/caselaws?id=354331 The ITAT upheld the CIT(A)'s decisions on both issues, dismissing the Revenue's appeal in its entirety. Regarding the disallowance of CSR/donation expenses, the ITAT found the donations aligned with charitable purposes and were justified, citing relevant case law and legislative amendments. Concerning the disallowance under section 14A of the Income Tax Act, the ITAT agreed with the CIT(A)'s reasoning that the investment was made with a profit motive and out of non-interest bearing funds, thus rejecting the Revenue's argument. en-us Wed, 17 Jan 2018 00:00:00 +0530 Wed, 24 Jan 2018 08:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354331 The ITAT upheld the CIT(A)'s decisions on both issues, dismissing the Revenue's appeal in its entirety. Regarding the disallowance of CSR/donation expenses, the ITAT found the donations aligned with charitable purposes and were justified, citing relevant case law and legislative amendments. Concerning the disallowance under section 14A of the Income Tax Act, the ITAT agreed with the CIT(A)'s reasoning that the investment was made with a profit motive and out of non-interest bearing funds, thus rejecting the Revenue's argument. Case-Laws Income Tax Wed, 17 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354331