https://www.taxtmi.com/caselaws?id=437979 The Tribunal partly allowed the appeals, granting relief to the assessee by treating deposits as capital receipts and restricting disallowances under Section 14A to the extent of exempt income. The Tribunal directed the AO to apply amended provisions of Section 40(a)(ia) for the assessment year 2015-16 and remanded certain issues for verification and de novo adjudication. The delay in filing appeals was condoned, and the Tribunal provided significant relief to the assessee in various aspects of the case. en-us Thu, 11 May 2023 00:00:00 +0530 Thu, 18 May 2023 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437979 The Tribunal partly allowed the appeals, granting relief to the assessee by treating deposits as capital receipts and restricting disallowances under Section 14A to the extent of exempt income. The Tribunal directed the AO to apply amended provisions of Section 40(a)(ia) for the assessment year 2015-16 and remanded certain issues for verification and de novo adjudication. The delay in filing appeals was condoned, and the Tribunal provided significant relief to the assessee in various aspects of the case. Case-Laws Income Tax Thu, 11 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437979