https://www.taxtmi.com/caselaws?id=275553 The Tribunal dismissed the Revenue's appeals for the assessment years 2012-13 and 2013-14. Regarding disallowance under section 14A of the Act for investment in equity shares, the Tribunal held that since no shares were allotted or dividend income accrued to the assessee, the disallowance was not justified. Additionally, the Tribunal allowed the expenditure on issuance of bonds claimed by the assessee as revenue expenditure, based on the nature of the bonds as debt instruments and the stamp duty paid not enhancing the capital base. The decisions were in favor of the assessee, supported by relevant judgments and legal principles. en-us Wed, 31 Jan 2018 00:00:00 +0530 Mon, 08 Oct 2018 07:23:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275553 The Tribunal dismissed the Revenue's appeals for the assessment years 2012-13 and 2013-14. Regarding disallowance under section 14A of the Act for investment in equity shares, the Tribunal held that since no shares were allotted or dividend income accrued to the assessee, the disallowance was not justified. Additionally, the Tribunal allowed the expenditure on issuance of bonds claimed by the assessee as revenue expenditure, based on the nature of the bonds as debt instruments and the stamp duty paid not enhancing the capital base. The decisions were in favor of the assessee, supported by relevant judgments and legal principles. Case-Laws Income Tax Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275553