https://www.taxtmi.com/caselaws?id=277794 The Revenue's appeal against the order of the Ld. CIT(A) regarding the addition under section 14A of the Income Tax Act for the assessment year 2009-10 was dismissed by the Tribunal. The Tribunal upheld the Ld. CIT(A)'s decision that no disallowance was warranted under section 14A as the investments were in growth-oriented funds with no dividend income, and gains upon maturity would be taxable as capital gains, not exempt income. The Tribunal's decision was supported by the nature of investments and their tax implications upon maturity. en-us Tue, 19 May 2015 00:00:00 +0530 Tue, 25 Dec 2018 08:17:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277794 The Revenue's appeal against the order of the Ld. CIT(A) regarding the addition under section 14A of the Income Tax Act for the assessment year 2009-10 was dismissed by the Tribunal. The Tribunal upheld the Ld. CIT(A)'s decision that no disallowance was warranted under section 14A as the investments were in growth-oriented funds with no dividend income, and gains upon maturity would be taxable as capital gains, not exempt income. The Tribunal's decision was supported by the nature of investments and their tax implications upon maturity. Case-Laws Income Tax Tue, 19 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277794