https://www.taxtmi.com/caselaws?id=286957 The Tribunal rejected the Revenue's appeal regarding the deletion of disallowances under section 10AA and upheld the CIT(A)'s decision on set-off of brought forward loss and unabsorbed depreciation. It also ruled that disallowance under section 14A should not be added to book profit for section 115JB purposes and adjusted the disallowance of certain expenditures related to earning tax-free income to reasonable amounts. The appeals of the Revenue were partly allowed. en-us Mon, 15 Oct 2018 00:00:00 +0530 Sun, 22 Mar 2020 16:40:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286957 The Tribunal rejected the Revenue's appeal regarding the deletion of disallowances under section 10AA and upheld the CIT(A)'s decision on set-off of brought forward loss and unabsorbed depreciation. It also ruled that disallowance under section 14A should not be added to book profit for section 115JB purposes and adjusted the disallowance of certain expenditures related to earning tax-free income to reasonable amounts. The appeals of the Revenue were partly allowed. Case-Laws Income Tax Mon, 15 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286957