https://www.taxtmi.com/caselaws?id=378100 The Tribunal partially allowed both the Revenue's appeal and the assessee's cross-objection. It upheld the deduction under Section 80IA, disallowing expenses attributable to exempt income under Section 14A with adjustments, and deleted the disallowance under Section 14A while calculating book profit under Section 115JB. However, it remanded the disallowance of facility usage charges under Section 80IA back to the AO for reconsideration with proper evidence. en-us Fri, 25 Jan 2019 00:00:00 +0530 Mon, 08 Apr 2019 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378100 The Tribunal partially allowed both the Revenue's appeal and the assessee's cross-objection. It upheld the deduction under Section 80IA, disallowing expenses attributable to exempt income under Section 14A with adjustments, and deleted the disallowance under Section 14A while calculating book profit under Section 115JB. However, it remanded the disallowance of facility usage charges under Section 80IA back to the AO for reconsideration with proper evidence. Case-Laws Income Tax Fri, 25 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378100