https://www.taxtmi.com/caselaws?id=395632 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's cross-objection. Key rulings included the non-applicability of Section 115JB to banks, allowance of prior period expenses, classification of ATM card expenses as revenue, and adoption of municipal valuation for rental income. The Tribunal remanded the TDS disallowance issue for verification. It upheld deductions under Sections 35D and 36(1)(viii) and partially sustained disallowance under Section 14A. The decisions were grounded in consistency and prior case precedents. en-us Fri, 29 May 2020 00:00:00 +0530 Wed, 06 Nov 2024 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395632 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's cross-objection. Key rulings included the non-applicability of Section 115JB to banks, allowance of prior period expenses, classification of ATM card expenses as revenue, and adoption of municipal valuation for rental income. The Tribunal remanded the TDS disallowance issue for verification. It upheld deductions under Sections 35D and 36(1)(viii) and partially sustained disallowance under Section 14A. The decisions were grounded in consistency and prior case precedents. Case-Laws Income Tax Fri, 29 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395632