https://www.taxtmi.com/caselaws?id=401389 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)] decision in favor of the assessee regarding the deduction under Section 80IC for income from the sale of scrap for A.Y. 2012-13. The Tribunal dismissed the Revenue's appeal for the same year. Additionally, the Tribunal ruled in favor of the assessee, deleting the disallowance under Section 14A read with Rule 8D for A.Y. 2012-13, citing the Assessing Officer's failure to provide objective satisfaction for invoking Rule 8D. The appeals of the assessee for A.Ys. 2012-13 and 2014-15 were allowed. en-us Wed, 02 Dec 2020 00:00:00 +0530 Sat, 05 Dec 2020 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401389 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)] decision in favor of the assessee regarding the deduction under Section 80IC for income from the sale of scrap for A.Y. 2012-13. The Tribunal dismissed the Revenue's appeal for the same year. Additionally, the Tribunal ruled in favor of the assessee, deleting the disallowance under Section 14A read with Rule 8D for A.Y. 2012-13, citing the Assessing Officer's failure to provide objective satisfaction for invoking Rule 8D. The appeals of the assessee for A.Ys. 2012-13 and 2014-15 were allowed. Case-Laws Income Tax Wed, 02 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401389