https://www.taxtmi.com/caselaws?id=273358 The Tribunal partly allowed the Revenue's appeals, upholding the CIT(A)'s decisions on the first three issues regarding deletion of additions under various sections. However, for the fourth issue concerning expenses related to exempt income under Section 115JB, the Tribunal directed the AO to independently determine the disallowance, considering the expenses debited in the profit & loss account. The Tribunal's decisions were consistent with precedents and earlier rulings in the assessee's own cases. en-us Fri, 02 Jun 2017 00:00:00 +0530 Wed, 20 Jun 2018 12:30:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273358 The Tribunal partly allowed the Revenue's appeals, upholding the CIT(A)'s decisions on the first three issues regarding deletion of additions under various sections. However, for the fourth issue concerning expenses related to exempt income under Section 115JB, the Tribunal directed the AO to independently determine the disallowance, considering the expenses debited in the profit & loss account. The Tribunal's decisions were consistent with precedents and earlier rulings in the assessee's own cases. Case-Laws Income Tax Fri, 02 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273358