https://www.taxtmi.com/caselaws?id=420298 The Tribunal upheld the CIT(A)'s decisions on all contested issues, including condonation of delay in filing cross objection, disallowance under Section 14A read with Rule 8D, and additions towards deferred income. The Tribunal concluded that the delay in filing the cross objection was reasonable, restricted the disallowance under Section 14A to the extent of exempt income earned, and approved the deletion of additions towards deferred income. Both the Revenue's appeal and the assessee's cross objection were dismissed, and the order was pronounced on 28th March, 2022. en-us Mon, 28 Mar 2022 00:00:00 +0530 Wed, 30 Mar 2022 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420298 The Tribunal upheld the CIT(A)'s decisions on all contested issues, including condonation of delay in filing cross objection, disallowance under Section 14A read with Rule 8D, and additions towards deferred income. The Tribunal concluded that the delay in filing the cross objection was reasonable, restricted the disallowance under Section 14A to the extent of exempt income earned, and approved the deletion of additions towards deferred income. Both the Revenue's appeal and the assessee's cross objection were dismissed, and the order was pronounced on 28th March, 2022. Case-Laws Income Tax Mon, 28 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420298