https://www.taxtmi.com/caselaws?id=401554 The assessee's appeal was partly allowed for statistical purposes, with the Tribunal remanding the issue of disallowance of expenditure on schemes and projects back to the Assessing Officer for further examination. The Revenue's appeal challenging the deletion of additions under Section 14A and royalty payment to the Assam Govt was dismissed, with the Tribunal upholding the CIT(A)'s decisions based on the genuineness of expenses and lack of exempt income during the assessment year. The addition on account of contingent liability was also upheld by the Tribunal, emphasizing the obligation of the Assessee Board to pay royalties to State Governments. en-us Wed, 09 Dec 2020 00:00:00 +0530 Wed, 28 Jul 2021 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401554 The assessee's appeal was partly allowed for statistical purposes, with the Tribunal remanding the issue of disallowance of expenditure on schemes and projects back to the Assessing Officer for further examination. The Revenue's appeal challenging the deletion of additions under Section 14A and royalty payment to the Assam Govt was dismissed, with the Tribunal upholding the CIT(A)'s decisions based on the genuineness of expenses and lack of exempt income during the assessment year. The addition on account of contingent liability was also upheld by the Tribunal, emphasizing the obligation of the Assessee Board to pay royalties to State Governments. Case-Laws Income Tax Wed, 09 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401554