https://www.taxtmi.com/caselaws?id=301215 The High Court ruled in favor of the assessee on all three issues: granting indexation benefit for calculating long-term capital gain under Section 115JB, disallowance under Section 14A read with Rule 8D, and deduction for payment towards CM Relief Fund under Section 37 of the Income Tax Act. The Court considered legal precedents and arguments presented by both parties, ultimately dismissing the appeals filed by the Revenue and answering substantial questions of law in favor of the assessee. en-us Wed, 17 Mar 2021 00:00:00 +0530 Mon, 21 Mar 2022 08:12:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301215 The High Court ruled in favor of the assessee on all three issues: granting indexation benefit for calculating long-term capital gain under Section 115JB, disallowance under Section 14A read with Rule 8D, and deduction for payment towards CM Relief Fund under Section 37 of the Income Tax Act. The Court considered legal precedents and arguments presented by both parties, ultimately dismissing the appeals filed by the Revenue and answering substantial questions of law in favor of the assessee. Case-Laws Income Tax Wed, 17 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301215