https://www.taxtmi.com/caselaws?id=401060 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision on both issues. It upheld the classification of 'Railways Punitive charges' as compensatory and allowable under Section 37 of the Income Tax Act. Additionally, it confirmed the deletion of disallowance under Section 14A read with Rule 8D, considering only investments yielding exempt income. en-us Fri, 20 Nov 2020 00:00:00 +0530 Mon, 04 Nov 2024 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401060 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision on both issues. It upheld the classification of 'Railways Punitive charges' as compensatory and allowable under Section 37 of the Income Tax Act. Additionally, it confirmed the deletion of disallowance under Section 14A read with Rule 8D, considering only investments yielding exempt income. Case-Laws Income Tax Fri, 20 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401060