https://www.taxtmi.com/caselaws?id=285055 The Tribunal dismissed both the assessee and Revenue's appeals, upholding the ld. CIT(A)'s decisions on disallowance under section 14A of the Income Tax Act, 1961 r.w. Rule 8D and deletion of addition towards deferred revenue income for the assessment year 2009-10. The disallowance under section 14A was affirmed due to potential exempt income from investments, following legal precedents. The deletion of deferred revenue income addition was upheld based on previous Tribunal decisions in the assessee's favor and pending appeal by the Revenue. en-us Wed, 13 Jul 2016 00:00:00 +0530 Tue, 24 Dec 2019 09:45:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285055 The Tribunal dismissed both the assessee and Revenue's appeals, upholding the ld. CIT(A)'s decisions on disallowance under section 14A of the Income Tax Act, 1961 r.w. Rule 8D and deletion of addition towards deferred revenue income for the assessment year 2009-10. The disallowance under section 14A was affirmed due to potential exempt income from investments, following legal precedents. The deletion of deferred revenue income addition was upheld based on previous Tribunal decisions in the assessee's favor and pending appeal by the Revenue. Case-Laws Income Tax Wed, 13 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285055