https://www.taxtmi.com/caselaws?id=292706 The Tribunal dismissed both appeals filed by the Revenue, affirming the CIT(A)'s decisions on both issues. Regarding the deduction of 25% rent paid to L&DO, the Tribunal upheld that it was a case of diversion of income at source as per the lease agreement. Concerning the disallowance under Section 14A, the Tribunal agreed that no expenses were incurred for earning exempt income based on the facts presented. en-us Fri, 28 Oct 2011 00:00:00 +0530 Tue, 05 Jan 2021 15:49:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292706 The Tribunal dismissed both appeals filed by the Revenue, affirming the CIT(A)'s decisions on both issues. Regarding the deduction of 25% rent paid to L&DO, the Tribunal upheld that it was a case of diversion of income at source as per the lease agreement. Concerning the disallowance under Section 14A, the Tribunal agreed that no expenses were incurred for earning exempt income based on the facts presented. Case-Laws Income Tax Fri, 28 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292706