https://www.taxtmi.com/caselaws?id=418506 The tribunal upheld the Ld.CIT(A)'s decisions, dismissing the revenue's appeal. The disallowance under Section 14A was deemed unwarranted as no exempt income was earned. Foreign traveling expenses were allowed as they were shown to be for business purposes, with personal expenses not charged to the company. The informer information expenses were justified due to the nature of the business, supported by previous case law. The tribunal found the assessee's evidence sufficient and the Assessing Officer's disallowances unjustified. en-us Mon, 07 Feb 2022 00:00:00 +0530 Fri, 18 Feb 2022 07:33:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418506 The tribunal upheld the Ld.CIT(A)'s decisions, dismissing the revenue's appeal. The disallowance under Section 14A was deemed unwarranted as no exempt income was earned. Foreign traveling expenses were allowed as they were shown to be for business purposes, with personal expenses not charged to the company. The informer information expenses were justified due to the nature of the business, supported by previous case law. The tribunal found the assessee's evidence sufficient and the Assessing Officer's disallowances unjustified. Case-Laws Income Tax Mon, 07 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418506