https://www.taxtmi.com/caselaws?id=303637 The Tribunal upheld the decisions of the Commissioner (Appeals) on all issues raised by the revenue. The Tribunal affirmed the reduction of the corporate guarantee fee to 0.5%, allowed the deduction claimed on ESOP expenditure, deleted the disallowance under Section 14A r.w.r. 8D, and concurred that disallowance under Section 14A r.w.s. Rule 8D cannot be made while computing book profit under Section 115JB of the Act. The Tribunal's ruling was based on legal precedents and interpretations of relevant sections of the Income Tax Act. en-us Wed, 22 Sep 2021 00:00:00 +0530 Tue, 02 Aug 2022 20:55:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303637 The Tribunal upheld the decisions of the Commissioner (Appeals) on all issues raised by the revenue. The Tribunal affirmed the reduction of the corporate guarantee fee to 0.5%, allowed the deduction claimed on ESOP expenditure, deleted the disallowance under Section 14A r.w.r. 8D, and concurred that disallowance under Section 14A r.w.s. Rule 8D cannot be made while computing book profit under Section 115JB of the Act. The Tribunal's ruling was based on legal precedents and interpretations of relevant sections of the Income Tax Act. Case-Laws Income Tax Wed, 22 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303637