https://www.taxtmi.com/caselaws?id=300181 The Tribunal upheld the CIT(A)'s decision to delete the additions made by the AO concerning unexplained share application money under section 68 of the Act and expenses related to exempt income under section 14A read with Rule 8D of the Rules. The Tribunal found no incriminating material during the search, supporting the CIT(A)'s deletions based on legal precedents and the decision of the Hon'ble Bombay High Court. The Revenue's appeal was dismissed, affirming the CIT(A)'s decision in favor of the assessee. en-us Wed, 21 Aug 2019 00:00:00 +0530 Sat, 15 Jan 2022 08:48:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300181 The Tribunal upheld the CIT(A)'s decision to delete the additions made by the AO concerning unexplained share application money under section 68 of the Act and expenses related to exempt income under section 14A read with Rule 8D of the Rules. The Tribunal found no incriminating material during the search, supporting the CIT(A)'s deletions based on legal precedents and the decision of the Hon'ble Bombay High Court. The Revenue's appeal was dismissed, affirming the CIT(A)'s decision in favor of the assessee. Case-Laws Income Tax Wed, 21 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300181