https://www.taxtmi.com/caselaws?id=360237 The Tribunal ruled in favor of the Assessee regarding disallowance under Section 14A of the Income Tax Act, as no exempt income was earned during the relevant assessment year. The Tribunal directed the AO to delete the addition of Rs. 8.6 lakhs. For the deduction under Section 10B, the Tribunal allowed the claim until a decision by the High Court was rendered, preventing enforcement of any demand against the Assessee. The Tribunal upheld the CIT(A)'s decision on depreciation for a non-compete fee and partly allowed the Assessee's claim under Section 35(2AB) by permitting the uncertified expenditure as a deduction under Section 35(1). en-us Wed, 09 May 2018 00:00:00 +0530 Sat, 12 May 2018 08:44:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360237 The Tribunal ruled in favor of the Assessee regarding disallowance under Section 14A of the Income Tax Act, as no exempt income was earned during the relevant assessment year. The Tribunal directed the AO to delete the addition of Rs. 8.6 lakhs. For the deduction under Section 10B, the Tribunal allowed the claim until a decision by the High Court was rendered, preventing enforcement of any demand against the Assessee. The Tribunal upheld the CIT(A)'s decision on depreciation for a non-compete fee and partly allowed the Assessee's claim under Section 35(2AB) by permitting the uncertified expenditure as a deduction under Section 35(1). Case-Laws Income Tax Wed, 09 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360237