https://www.taxtmi.com/caselaws?id=390148 The Tribunal upheld the CIT(A)'s decision to delete disallowances under sections 40(a)(ia) and 14A read with Rule 8D, and confirmed that section 115JB does not apply to the banking company. The Tribunal relied on precedents and the unworkability of section 115JB for banking companies, dismissing the Revenue's appeal on all grounds. en-us Wed, 11 Dec 2019 00:00:00 +0530 Tue, 24 Dec 2019 11:21:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390148 The Tribunal upheld the CIT(A)'s decision to delete disallowances under sections 40(a)(ia) and 14A read with Rule 8D, and confirmed that section 115JB does not apply to the banking company. The Tribunal relied on precedents and the unworkability of section 115JB for banking companies, dismissing the Revenue's appeal on all grounds. Case-Laws Income Tax Wed, 11 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390148