https://www.taxtmi.com/caselaws?id=402357 The Tribunal dismissed the Revenue's appeal, affirming the Ld. CIT(A)'s decisions on all contested issues. It upheld the deletion of disallowance under section 14A, ruling that no disallowance can occur without exempt income, aligning with jurisdictional High Court decisions. The Tribunal also confirmed the deduction under section 80IA, recognizing the assessee's contracts as eligible for infrastructure development deductions. The Tribunal's decision was grounded in adherence to established legal precedents and Supreme Court rulings, effectively supporting the Ld. CIT(A)'s judgment on each point raised by the Revenue. en-us Wed, 23 Dec 2020 00:00:00 +0530 Mon, 04 Nov 2024 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402357 The Tribunal dismissed the Revenue's appeal, affirming the Ld. CIT(A)'s decisions on all contested issues. It upheld the deletion of disallowance under section 14A, ruling that no disallowance can occur without exempt income, aligning with jurisdictional High Court decisions. The Tribunal also confirmed the deduction under section 80IA, recognizing the assessee's contracts as eligible for infrastructure development deductions. The Tribunal's decision was grounded in adherence to established legal precedents and Supreme Court rulings, effectively supporting the Ld. CIT(A)'s judgment on each point raised by the Revenue. Case-Laws Income Tax Wed, 23 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402357