https://www.taxtmi.com/caselaws?id=305335 The Tribunal upheld the deletion of an addition for sales commission expenses and disallowance under section 14A for interest expenses. The revenue's appeal challenging the deletion of these additions for the assessment years 2012-13 was dismissed. The Tribunal found in favor of the assessee, citing lack of examination of evidence by the Assessing Officer and sufficient interest-free funds to cover investments in equity shares. Previous judgments and decisions of higher courts were relied upon in supporting the Tribunal's findings, ultimately leading to the dismissal of the revenue's appeal. en-us Thu, 12 Jul 2018 00:00:00 +0530 Wed, 30 Nov 2022 05:17:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305335 The Tribunal upheld the deletion of an addition for sales commission expenses and disallowance under section 14A for interest expenses. The revenue's appeal challenging the deletion of these additions for the assessment years 2012-13 was dismissed. The Tribunal found in favor of the assessee, citing lack of examination of evidence by the Assessing Officer and sufficient interest-free funds to cover investments in equity shares. Previous judgments and decisions of higher courts were relied upon in supporting the Tribunal's findings, ultimately leading to the dismissal of the revenue's appeal. Case-Laws Income Tax Thu, 12 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305335