https://www.taxtmi.com/caselaws?id=425343 The Tribunal directed the Assessing Officer to reconsider the disallowance under section 14A of the Income Tax Act in light of the amendment, ensuring due opportunity for the assessee. The grounds raised by the Revenue were allowed for statistical purposes. Regarding the deletion of addition under section 2(22)(e), the issue was restored to the Assessing Officer for fresh consideration in line with a relevant CBDT circular. The Tribunal provided detailed analysis and directed a reevaluation of both issues based on legal provisions and precedents. en-us Tue, 19 Jul 2022 00:00:00 +0530 Thu, 21 Jul 2022 09:27:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425343 The Tribunal directed the Assessing Officer to reconsider the disallowance under section 14A of the Income Tax Act in light of the amendment, ensuring due opportunity for the assessee. The grounds raised by the Revenue were allowed for statistical purposes. Regarding the deletion of addition under section 2(22)(e), the issue was restored to the Assessing Officer for fresh consideration in line with a relevant CBDT circular. The Tribunal provided detailed analysis and directed a reevaluation of both issues based on legal provisions and precedents. Case-Laws Income Tax Tue, 19 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425343