https://www.taxtmi.com/caselaws?id=283863 The Tribunal allowed both appeals of the assessee and dismissed both appeals of the Revenue, upholding the CIT(A)'s decisions on all contested issues. The disallowance under Section 14A read with Rule 8D was deleted as investments made by banking concerns are considered part of their business activity. The disallowance of ESOP expenses, broken period interest, and admission of a new claim for deduction under Section 35D were also in favor of the assessee. en-us Thu, 28 Feb 2019 00:00:00 +0530 Thu, 17 Oct 2019 20:52:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283863 The Tribunal allowed both appeals of the assessee and dismissed both appeals of the Revenue, upholding the CIT(A)'s decisions on all contested issues. The disallowance under Section 14A read with Rule 8D was deleted as investments made by banking concerns are considered part of their business activity. The disallowance of ESOP expenses, broken period interest, and admission of a new claim for deduction under Section 35D were also in favor of the assessee. Case-Laws Income Tax Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283863