https://www.taxtmi.com/caselaws?id=417564 The Tribunal partly allowed the Revenue's appeal by reversing the CIT(A)'s decision on the taxability of contributions received by the trust, upholding the AO's addition under section 56(2)(vii). However, the Tribunal upheld the CIT(A)'s direction to recompute the disallowance under section 14A, ensuring it does not exceed the exempt income earned. en-us Wed, 22 Dec 2021 00:00:00 +0530 Tue, 25 Jan 2022 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417564 The Tribunal partly allowed the Revenue's appeal by reversing the CIT(A)'s decision on the taxability of contributions received by the trust, upholding the AO's addition under section 56(2)(vii). However, the Tribunal upheld the CIT(A)'s direction to recompute the disallowance under section 14A, ensuring it does not exceed the exempt income earned. Case-Laws Income Tax Wed, 22 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417564