https://www.taxtmi.com/caselaws?id=291899 The Tribunal dismissed the revenue's appeals for the assessment years 2010-11 and 2014-15, affirming the CIT(A)'s decisions. The assessments under section 147 r.w.s. 143(3) were invalidated due to the AO's failure to provide reasons. Deferred revenue expenditure was recognized as business expenditure. Disallowance under section 14A was removed due to no exempt income. The deemed dividend assessment was nullified, confirming transactions were business-related without any benefit to the assessee. en-us Tue, 21 Aug 2018 00:00:00 +0530 Wed, 13 Nov 2024 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291899 The Tribunal dismissed the revenue's appeals for the assessment years 2010-11 and 2014-15, affirming the CIT(A)'s decisions. The assessments under section 147 r.w.s. 143(3) were invalidated due to the AO's failure to provide reasons. Deferred revenue expenditure was recognized as business expenditure. Disallowance under section 14A was removed due to no exempt income. The deemed dividend assessment was nullified, confirming transactions were business-related without any benefit to the assessee. Case-Laws Income Tax Tue, 21 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291899