https://www.taxtmi.com/caselaws?id=411356 The Tribunal upheld the Ld. CIT(A)'s decisions on both issues, dismissing the Revenue's appeal in its entirety. The Ld. CIT(A) deleted the addition under section 14A of the Income Tax Act as no exempt income was earned by the assessee in the relevant year. Additionally, the Tribunal upheld the deletion of the disallowance of unearned interest on advances written off, stating that the conditions under the relevant sections of the Act were satisfied. The judgment provides a detailed analysis of legal principles and precedents, ensuring a fair consideration of the case. en-us Tue, 15 Jun 2021 00:00:00 +0530 Tue, 24 Aug 2021 08:13:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411356 The Tribunal upheld the Ld. CIT(A)'s decisions on both issues, dismissing the Revenue's appeal in its entirety. The Ld. CIT(A) deleted the addition under section 14A of the Income Tax Act as no exempt income was earned by the assessee in the relevant year. Additionally, the Tribunal upheld the deletion of the disallowance of unearned interest on advances written off, stating that the conditions under the relevant sections of the Act were satisfied. The judgment provides a detailed analysis of legal principles and precedents, ensuring a fair consideration of the case. Case-Laws Income Tax Tue, 15 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411356