https://www.taxtmi.com/caselaws?id=405717 The Tribunal dismissed the Revenue's appeal for Assessment Year 2009-10, upholding the deletion of an addition of Rs. 8,75,13,000 made by the Assessing Officer on income earned from investing in the corpus fund. The Tribunal ruled in favor of the assessee, citing that the corpus fund and its interest belong to the government. Similarly, for Assessment Year 2014-15, the Tribunal dismissed the Revenue's appeal on grounds of disallowance under Section 14A, stating it was not applicable to the assessee under Section 44 pertaining to insurance businesses. The decisions were supported by legal precedents and the Government of India's letter. en-us Wed, 17 Mar 2021 00:00:00 +0530 Fri, 26 Mar 2021 08:48:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405717 The Tribunal dismissed the Revenue's appeal for Assessment Year 2009-10, upholding the deletion of an addition of Rs. 8,75,13,000 made by the Assessing Officer on income earned from investing in the corpus fund. The Tribunal ruled in favor of the assessee, citing that the corpus fund and its interest belong to the government. Similarly, for Assessment Year 2014-15, the Tribunal dismissed the Revenue's appeal on grounds of disallowance under Section 14A, stating it was not applicable to the assessee under Section 44 pertaining to insurance businesses. The decisions were supported by legal precedents and the Government of India's letter. Case-Laws Income Tax Wed, 17 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405717