https://www.taxtmi.com/caselaws?id=366373 The High Court upheld the Tribunal's decision for the assessment year 2008-09 regarding disallowed expenditure under Section 14A, finding no reason to interfere with the Tribunal's decision for the previous year. The Court also affirmed the application of the block assets concept for depreciation, rejecting the Revenue's challenge. Additionally, the Court upheld the agreed rent as the basis for determining the annual value of a property near New Delhi and supported the Tribunal's decision on the proper construction of Section 14A for deduction of business expenditure, dismissing the assessing officer's interpretation. en-us Mon, 16 Jul 2018 00:00:00 +0530 Mon, 03 Sep 2018 12:13:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366373 The High Court upheld the Tribunal's decision for the assessment year 2008-09 regarding disallowed expenditure under Section 14A, finding no reason to interfere with the Tribunal's decision for the previous year. The Court also affirmed the application of the block assets concept for depreciation, rejecting the Revenue's challenge. Additionally, the Court upheld the agreed rent as the basis for determining the annual value of a property near New Delhi and supported the Tribunal's decision on the proper construction of Section 14A for deduction of business expenditure, dismissing the assessing officer's interpretation. Case-Laws Income Tax Mon, 16 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366373