https://www.taxtmi.com/caselaws?id=289686 The Tribunal held that the CIT(A) exceeded jurisdiction by introducing a new income source, contrary to precedents and statutory provisions. The enhancement was canceled. Regarding disallowance under Section 14A, as no exempt income was earned, the Tribunal ruled in favor of the assessee, following a relevant High Court judgment. Consequently, the appeal was allowed in favor of the assessee. en-us Fri, 10 May 2019 00:00:00 +0530 Fri, 14 Aug 2020 09:23:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289686 The Tribunal held that the CIT(A) exceeded jurisdiction by introducing a new income source, contrary to precedents and statutory provisions. The enhancement was canceled. Regarding disallowance under Section 14A, as no exempt income was earned, the Tribunal ruled in favor of the assessee, following a relevant High Court judgment. Consequently, the appeal was allowed in favor of the assessee. Case-Laws Income Tax Fri, 10 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289686