https://www.taxtmi.com/caselaws?id=437675 The court granted condonation of a 255-day delay in re-filing the appeal based on reasons provided. The appeal challenged the Tribunal's decision on business income from share conversion and disallowance under Section 14A of the Income Tax Act for AY 2008-09. The Assessing Officer's calculation of business income was deemed incorrect by the Tribunal and CIT(A) as no sale of shares was established. The court found no errors in the approach taken by the Tribunal and CIT(A) and closed the appeal in favor of the respondent/assessee, as no substantial question of law arose for consideration. en-us Mon, 10 Apr 2023 00:00:00 +0530 Fri, 12 May 2023 08:28:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437675 The court granted condonation of a 255-day delay in re-filing the appeal based on reasons provided. The appeal challenged the Tribunal's decision on business income from share conversion and disallowance under Section 14A of the Income Tax Act for AY 2008-09. The Assessing Officer's calculation of business income was deemed incorrect by the Tribunal and CIT(A) as no sale of shares was established. The court found no errors in the approach taken by the Tribunal and CIT(A) and closed the appeal in favor of the respondent/assessee, as no substantial question of law arose for consideration. Case-Laws Income Tax Mon, 10 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437675