https://www.taxtmi.com/caselaws?id=417358 The revenue's appeal was dismissed by the tribunal, upholding the decision of the Commissioner of Income-tax (Appeals) regarding disallowance under section 14A and section 115JB of the Income Tax Act. The tribunal also allowed the assessee's appeal for statistical purposes, remanding specific issues, including the disallowance of legal and professional fees and the write-off of the value of investment in a subsidiary, back to the Assessing Officer for fresh adjudication. The tribunal stressed the importance of considering judicial precedents and factual aspects in determining the allowability of expenses and write-offs. en-us Tue, 14 Dec 2021 00:00:00 +0530 Fri, 21 Jan 2022 08:52:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417358 The revenue's appeal was dismissed by the tribunal, upholding the decision of the Commissioner of Income-tax (Appeals) regarding disallowance under section 14A and section 115JB of the Income Tax Act. The tribunal also allowed the assessee's appeal for statistical purposes, remanding specific issues, including the disallowance of legal and professional fees and the write-off of the value of investment in a subsidiary, back to the Assessing Officer for fresh adjudication. The tribunal stressed the importance of considering judicial precedents and factual aspects in determining the allowability of expenses and write-offs. Case-Laws Income Tax Tue, 14 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417358