https://www.taxtmi.com/caselaws?id=365891 The Tribunal upheld the CIT(A)'s decision that Section 115JB of the Income-tax Act did not apply to the assessee corporation as it was not considered a company under the Companies Act, 1956. Additionally, the Tribunal confirmed the deletion of the disallowance under Section 14A read with Rule 8D, as the revenue failed to provide evidence supporting the disallowance. The Tribunal dismissed the revenue's appeal and pronounced the order on 21st August 2018. en-us Tue, 21 Aug 2018 00:00:00 +0530 Sat, 25 Aug 2018 09:28:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365891 The Tribunal upheld the CIT(A)'s decision that Section 115JB of the Income-tax Act did not apply to the assessee corporation as it was not considered a company under the Companies Act, 1956. Additionally, the Tribunal confirmed the deletion of the disallowance under Section 14A read with Rule 8D, as the revenue failed to provide evidence supporting the disallowance. The Tribunal dismissed the revenue's appeal and pronounced the order on 21st August 2018. Case-Laws Income Tax Tue, 21 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365891