https://www.taxtmi.com/caselaws?id=394385 The Tribunal upheld the decisions of the CIT(A) in all three issues raised by the Revenue. The disallowance under section 14A of the Income Tax Act was deleted as the claimed expenses were not investment-related. The addition under section 68 was deleted due to proof of creditworthiness provided by the creditors. The addition on account of Long Term Capital Gains on the sale of land was also deleted based on a certificate confirming the land as rural. The Revenue's appeal was dismissed as lacking merit. en-us Mon, 27 Jan 2020 00:00:00 +0530 Thu, 09 Apr 2020 13:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394385 The Tribunal upheld the decisions of the CIT(A) in all three issues raised by the Revenue. The disallowance under section 14A of the Income Tax Act was deleted as the claimed expenses were not investment-related. The addition under section 68 was deleted due to proof of creditworthiness provided by the creditors. The addition on account of Long Term Capital Gains on the sale of land was also deleted based on a certificate confirming the land as rural. The Revenue's appeal was dismissed as lacking merit. Case-Laws Income Tax Mon, 27 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394385