https://www.taxtmi.com/caselaws?id=407636 The Tribunal dismissed the revenue's appeals and upheld the CIT(A)'s decisions on various grounds, providing relief to the assessee companies for the respective assessment years. The Tribunal emphasized the importance of incriminating material for additions under section 153A, required satisfaction for disallowances under section 14A, and proper application of rules for disallowances. It also supported legitimate business decisions such as write-offs and recognized the validity of conversions documented before assessment proceedings. The Tribunal ensured assessments were conducted in accordance with legal principles, leading to the dismissal of revenue's appeals. en-us Wed, 05 May 2021 00:00:00 +0530 Sat, 07 Aug 2021 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407636 The Tribunal dismissed the revenue's appeals and upheld the CIT(A)'s decisions on various grounds, providing relief to the assessee companies for the respective assessment years. The Tribunal emphasized the importance of incriminating material for additions under section 153A, required satisfaction for disallowances under section 14A, and proper application of rules for disallowances. It also supported legitimate business decisions such as write-offs and recognized the validity of conversions documented before assessment proceedings. The Tribunal ensured assessments were conducted in accordance with legal principles, leading to the dismissal of revenue's appeals. Case-Laws Income Tax Wed, 05 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407636