https://www.taxtmi.com/caselaws?id=379367 The Tribunal upheld the CIT(A)'s decisions to delete additions made by the AO, disallowing deductions under Section 80IA, expenditure on assets not owned by the assessee, and pre-commissioning sales. It also overturned the disallowance made under Section 14A by applying Rule 8D retrospectively. The Tribunal found no nexus between the expenditures and exempt income, leading to the deletion of the disallowances and additions. The Tribunal dismissed the Revenue's appeal and ruled in favor of the assessee, concluding that the AO's actions were not legally sustainable. en-us Thu, 25 Apr 2019 00:00:00 +0530 Wed, 01 May 2019 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379367 The Tribunal upheld the CIT(A)'s decisions to delete additions made by the AO, disallowing deductions under Section 80IA, expenditure on assets not owned by the assessee, and pre-commissioning sales. It also overturned the disallowance made under Section 14A by applying Rule 8D retrospectively. The Tribunal found no nexus between the expenditures and exempt income, leading to the deletion of the disallowances and additions. The Tribunal dismissed the Revenue's appeal and ruled in favor of the assessee, concluding that the AO's actions were not legally sustainable. Case-Laws Income Tax Thu, 25 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379367