https://www.taxtmi.com/caselaws?id=382097 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision. The disallowance under section 14A read with Rule 8D was deemed inapplicable due to the absence of exempt income. Additionally, the addition under section 56(2)(viib) was deleted as intangible assets were properly included in the valuation of shares, contrary to the Assessing Officer's exclusion of such assets. en-us Wed, 19 Jun 2019 00:00:00 +0530 Wed, 26 Jun 2019 06:26:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382097 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision. The disallowance under section 14A read with Rule 8D was deemed inapplicable due to the absence of exempt income. Additionally, the addition under section 56(2)(viib) was deleted as intangible assets were properly included in the valuation of shares, contrary to the Assessing Officer's exclusion of such assets. Case-Laws Income Tax Wed, 19 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382097