https://www.taxtmi.com/caselaws?id=407416 The appellate tribunal upheld the CIT(A)'s decisions on both issues, ruling in favor of the assessee and dismissing the revenue's appeal. The first issue involved the deletion of an addition under section 14A of the Income Tax Act, where the tribunal supported the CIT(A)'s decision based on the assessee's disallowed expenses exceeding exempt income. The second issue concerned the deletion of an addition related to provisions for redemption of preference shares under section 115JB, with the tribunal affirming the CIT(A)'s decision based on previous favorable rulings. en-us Wed, 07 Apr 2021 00:00:00 +0530 Mon, 10 May 2021 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407416 The appellate tribunal upheld the CIT(A)'s decisions on both issues, ruling in favor of the assessee and dismissing the revenue's appeal. The first issue involved the deletion of an addition under section 14A of the Income Tax Act, where the tribunal supported the CIT(A)'s decision based on the assessee's disallowed expenses exceeding exempt income. The second issue concerned the deletion of an addition related to provisions for redemption of preference shares under section 115JB, with the tribunal affirming the CIT(A)'s decision based on previous favorable rulings. Case-Laws Income Tax Wed, 07 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407416