https://www.taxtmi.com/caselaws?id=355723 The tribunal directed the CIT(A) to re-adjudicate the issue of software CT-Angio treatment as unexplained receipt and disallowance of short term loss, emphasizing a lack of justification for disallowing the capital loss. The tribunal also instructed a re-examination of the sponsorship claim under section 28(iv) of the Income Tax Act, highlighting the need for a thorough review and fair hearing for the assessee. Additionally, the tribunal allowed the challenge against the disallowance under Section 14A r.w. Rule 8D, deleting the disallowance related to exempt income in favor of the assessee. en-us Tue, 23 Jan 2018 00:00:00 +0530 Fri, 16 Feb 2018 09:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355723 The tribunal directed the CIT(A) to re-adjudicate the issue of software CT-Angio treatment as unexplained receipt and disallowance of short term loss, emphasizing a lack of justification for disallowing the capital loss. The tribunal also instructed a re-examination of the sponsorship claim under section 28(iv) of the Income Tax Act, highlighting the need for a thorough review and fair hearing for the assessee. Additionally, the tribunal allowed the challenge against the disallowance under Section 14A r.w. Rule 8D, deleting the disallowance related to exempt income in favor of the assessee. Case-Laws Income Tax Tue, 23 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355723