https://www.taxtmi.com/caselaws?id=299959 The appeal filed by the Revenue challenging disallowances under the Income Tax Act was dismissed by the Tribunal. The disallowance under section 14A was restricted to expenses related to tax-exempt income, not the entire income. Expenses related to ESOP were allowed based on previous favorable decisions. The addition for relinquishment of rights in commercial property was upheld based on valuation considerations. General grounds of appeal were dismissed. The Tribunal upheld the CIT(A)'s order on all issues, resulting in the dismissal of the Revenue's appeal. en-us Tue, 10 Oct 2017 00:00:00 +0530 Fri, 07 Jan 2022 08:47:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299959 The appeal filed by the Revenue challenging disallowances under the Income Tax Act was dismissed by the Tribunal. The disallowance under section 14A was restricted to expenses related to tax-exempt income, not the entire income. Expenses related to ESOP were allowed based on previous favorable decisions. The addition for relinquishment of rights in commercial property was upheld based on valuation considerations. General grounds of appeal were dismissed. The Tribunal upheld the CIT(A)'s order on all issues, resulting in the dismissal of the Revenue's appeal. Case-Laws Income Tax Tue, 10 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299959