https://www.taxtmi.com/caselaws?id=357931 The ITAT dismissed the revenue's appeal and partly allowed the assessee's appeal. The deletion of unrealized pay slips and unidentified deposits was upheld, citing lack of evidence for cessation of liability. The amortization of premium on investments was accepted based on legal precedents. Disallowance under Section 14A was upheld due to expenses related to exempt income. The claim for investment depreciation reserve was remanded for fresh adjudication in line with legal judgments. en-us Wed, 07 Mar 2018 00:00:00 +0530 Mon, 02 Apr 2018 09:05:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357931 The ITAT dismissed the revenue's appeal and partly allowed the assessee's appeal. The deletion of unrealized pay slips and unidentified deposits was upheld, citing lack of evidence for cessation of liability. The amortization of premium on investments was accepted based on legal precedents. Disallowance under Section 14A was upheld due to expenses related to exempt income. The claim for investment depreciation reserve was remanded for fresh adjudication in line with legal judgments. Case-Laws Income Tax Wed, 07 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357931