https://www.taxtmi.com/caselaws?id=418504 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decisions on both issues. The deletion of the addition under Section 56(2)(viib) was justified based on the substantiated valuation method chosen by the assessee, and the restriction of disallowance under Section 14A was in line with judicial precedents limiting disallowance to the amount of exempt income earned. en-us Fri, 04 Feb 2022 00:00:00 +0530 Fri, 18 Feb 2022 07:33:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418504 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decisions on both issues. The deletion of the addition under Section 56(2)(viib) was justified based on the substantiated valuation method chosen by the assessee, and the restriction of disallowance under Section 14A was in line with judicial precedents limiting disallowance to the amount of exempt income earned. Case-Laws Income Tax Fri, 04 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418504