https://www.taxtmi.com/caselaws?id=429205 The Tribunal dismissed the revenue's appeal, upholding the CIT(Appeals)'s decisions. The CIT(Appeals) correctly vacated the addition for suppressed yield and the disallowance under Section 14A due to the absence of exempt income. The Tribunal ruled in favor of the assessee, emphasizing the lack of defects in the books of account and supporting the presumption that investments were made from interest-free funds. The appellant's general right to amend or alter grounds of appeal was dismissed as not pressed. en-us Mon, 17 Oct 2022 00:00:00 +0530 Wed, 19 Oct 2022 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429205 The Tribunal dismissed the revenue's appeal, upholding the CIT(Appeals)'s decisions. The CIT(Appeals) correctly vacated the addition for suppressed yield and the disallowance under Section 14A due to the absence of exempt income. The Tribunal ruled in favor of the assessee, emphasizing the lack of defects in the books of account and supporting the presumption that investments were made from interest-free funds. The appellant's general right to amend or alter grounds of appeal was dismissed as not pressed. Case-Laws Income Tax Mon, 17 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429205