https://www.taxtmi.com/caselaws?id=424183 The appellant's claim for deduction under Section 80IA of the Income Tax Act was partially allowed by the CIT(A) but excluded miscellaneous receipts. The Tribunal upheld this decision, stating that miscellaneous receipts do not qualify for the deduction. The disallowance under Section 14A was remitted back for verification due to the absence of exempt income. A non-pressed ground of appeal was dismissed, and an additional ground seeking reduction from book profits under Section 80IB was rejected, aligning with precedent. The appeals for both assessment years were partly allowed, with directions for reassessment on the disallowance under Section 14A. en-us Tue, 21 Jun 2022 00:00:00 +0530 Wed, 22 Jun 2022 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424183 The appellant's claim for deduction under Section 80IA of the Income Tax Act was partially allowed by the CIT(A) but excluded miscellaneous receipts. The Tribunal upheld this decision, stating that miscellaneous receipts do not qualify for the deduction. The disallowance under Section 14A was remitted back for verification due to the absence of exempt income. A non-pressed ground of appeal was dismissed, and an additional ground seeking reduction from book profits under Section 80IB was rejected, aligning with precedent. The appeals for both assessment years were partly allowed, with directions for reassessment on the disallowance under Section 14A. Case-Laws Income Tax Tue, 21 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424183