https://www.taxtmi.com/caselaws?id=379808 The Tribunal upheld the deletion of disallowance under sections 10A(7) and 80IA(10) of the Income Tax Act, emphasizing the need for the Assessing Officer to prove abuse of tax concessions through profit manipulation between associated concerns. Additionally, the Tribunal affirmed the deletion of disallowance under section 14A for computation of 'Book Profit' under section 115JB, following the principle that actual expenditure incurred to earn exempt income should be disallowed, not amounts derived from a formula. The Tribunal dismissed the Revenue's appeal, supporting the CIT(A)'s decisions with detailed reasoning. en-us Tue, 30 Apr 2019 00:00:00 +0530 Tue, 07 May 2019 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379808 The Tribunal upheld the deletion of disallowance under sections 10A(7) and 80IA(10) of the Income Tax Act, emphasizing the need for the Assessing Officer to prove abuse of tax concessions through profit manipulation between associated concerns. Additionally, the Tribunal affirmed the deletion of disallowance under section 14A for computation of 'Book Profit' under section 115JB, following the principle that actual expenditure incurred to earn exempt income should be disallowed, not amounts derived from a formula. The Tribunal dismissed the Revenue's appeal, supporting the CIT(A)'s decisions with detailed reasoning. Case-Laws Income Tax Tue, 30 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379808