https://www.taxtmi.com/caselaws?id=198650 The Tribunal upheld the CIT (A)'s decision to classify interest income as "income from Profit and Gains of Business or Profession" instead of "income from other sources." Additionally, the Tribunal affirmed the disallowance under section 14A of the IT Act, subject to verification of calculations. The appeal of the Revenue was dismissed, and the decisions of the CIT (A) were upheld in both issues. The judgment was pronounced on 24th November 2014 by the Appellate Tribunal ITAT, Mumbai, with D. Karunakara Rao and Amit Shukla presiding over the case. en-us Mon, 24 Nov 2014 00:00:00 +0530 Wed, 07 Feb 2018 07:22:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198650 The Tribunal upheld the CIT (A)'s decision to classify interest income as "income from Profit and Gains of Business or Profession" instead of "income from other sources." Additionally, the Tribunal affirmed the disallowance under section 14A of the IT Act, subject to verification of calculations. The appeal of the Revenue was dismissed, and the decisions of the CIT (A) were upheld in both issues. The judgment was pronounced on 24th November 2014 by the Appellate Tribunal ITAT, Mumbai, with D. Karunakara Rao and Amit Shukla presiding over the case. Case-Laws Income Tax Mon, 24 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198650