https://www.taxtmi.com/caselaws?id=388972 The Tribunal allowed the assessee's appeal regarding the taxation of notional rental income on unsold areas, disallowance of certain expenses, and denial of deductions under various sections of the Income Tax Act. The Tribunal directed the Assessing Officer to restrict disallowance under Section 14A to the exempt income earned during the year and upheld the pro-rata deduction under Section 80-IB(10). The Revenue's appeal challenging the proper head of income for assessing rental income from unsold flats was dismissed. The Tribunal's decision emphasized consistency and remanded specific issues for further examination. en-us Tue, 03 Sep 2019 00:00:00 +0530 Thu, 28 Nov 2019 11:44:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388972 The Tribunal allowed the assessee's appeal regarding the taxation of notional rental income on unsold areas, disallowance of certain expenses, and denial of deductions under various sections of the Income Tax Act. The Tribunal directed the Assessing Officer to restrict disallowance under Section 14A to the exempt income earned during the year and upheld the pro-rata deduction under Section 80-IB(10). The Revenue's appeal challenging the proper head of income for assessing rental income from unsold flats was dismissed. The Tribunal's decision emphasized consistency and remanded specific issues for further examination. Case-Laws Income Tax Tue, 03 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388972