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    <title>2021 (11) TMI 918 - ITAT CHENNAI</title>
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    <description>The Tribunal upheld the Ld. CIT(A)&#039;s decisions in favor of the assessee on various issues: classifying income from shares as capital gains, partially allowing disallowance under s. 14A by excluding non-exempt income investments, overturning disallowance of Board meeting expenditure due to business convenience, and reversing disallowance of car hire charges for business purposes. The Tribunal dismissed all grounds of appeal by the Revenue, affirming the lower authorities&#039; rulings.</description>
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      <link>https://www.taxtmi.com/caselaws?id=415137</link>
      <description>The Tribunal upheld the Ld. CIT(A)&#039;s decisions in favor of the assessee on various issues: classifying income from shares as capital gains, partially allowing disallowance under s. 14A by excluding non-exempt income investments, overturning disallowance of Board meeting expenditure due to business convenience, and reversing disallowance of car hire charges for business purposes. The Tribunal dismissed all grounds of appeal by the Revenue, affirming the lower authorities&#039; rulings.</description>
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