https://www.taxtmi.com/caselaws?id=356888 The High Court dismissed the appeal challenging the Tribunal's order on the disallowance of investment in tax-free securities under Section 14A of the Income Tax Act. The Court upheld the Tribunal's decision and dismissed the Revenue's appeal, citing a previous judgment against the Revenue. Additionally, the Court found that the remand of the issue of disallowance back to the Assessing Officer for re-adjudication did not raise substantial questions of law and was procedural in nature. The Court concluded that the issue of disallowance made to Book Profit was consequential and did not present a substantial question of law, thus dismissing the appeal. en-us Tue, 06 Mar 2018 00:00:00 +0530 Wed, 14 Mar 2018 06:52:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356888 The High Court dismissed the appeal challenging the Tribunal's order on the disallowance of investment in tax-free securities under Section 14A of the Income Tax Act. The Court upheld the Tribunal's decision and dismissed the Revenue's appeal, citing a previous judgment against the Revenue. Additionally, the Court found that the remand of the issue of disallowance back to the Assessing Officer for re-adjudication did not raise substantial questions of law and was procedural in nature. The Court concluded that the issue of disallowance made to Book Profit was consequential and did not present a substantial question of law, thus dismissing the appeal. Case-Laws Income Tax Tue, 06 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356888