https://www.taxtmi.com/caselaws?id=372738 The Tribunal upheld the CIT(A)'s decisions on all issues, dismissing the Revenue's appeal and allowing the cross-objection of the assessee. The addition of Rs. 1,25,00,000/- on account of premium received against transfer of tenancy rights was deleted, with the Tribunal affirming the capital nature of the receipts. The disallowance of Rs. 4,77,433/- under section 14A was deleted as the investments did not yield dividend income. Additionally, the disallowance of bad debt/business loss of Rs. 3,95,00,000/- was overturned, with the Tribunal ruling it as a deductible trading loss. en-us Fri, 21 Dec 2018 00:00:00 +0530 Fri, 28 Dec 2018 11:35:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372738 The Tribunal upheld the CIT(A)'s decisions on all issues, dismissing the Revenue's appeal and allowing the cross-objection of the assessee. The addition of Rs. 1,25,00,000/- on account of premium received against transfer of tenancy rights was deleted, with the Tribunal affirming the capital nature of the receipts. The disallowance of Rs. 4,77,433/- under section 14A was deleted as the investments did not yield dividend income. Additionally, the disallowance of bad debt/business loss of Rs. 3,95,00,000/- was overturned, with the Tribunal ruling it as a deductible trading loss. Case-Laws Income Tax Fri, 21 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372738