https://www.taxtmi.com/caselaws?id=308101 The Tribunal dismissed the Revenue's appeal challenging disallowances under Section 14A and prior period expenses. The disallowance under Section 14A was deleted as the assessee had sufficient own funds exceeding investments, following a precedent set by the Supreme Court. The disallowance of prior period expenses was upheld based on consistent favorable rulings for the assessee by the Tribunal, emphasizing the Principle of Consistency. The appeal was dismissed, affirming the orders of the ld. CIT (Appeals) and ensuring a just outcome aligned with legal principles and precedents. en-us Tue, 07 Jun 2022 00:00:00 +0530 Tue, 30 May 2023 21:08:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308101 The Tribunal dismissed the Revenue's appeal challenging disallowances under Section 14A and prior period expenses. The disallowance under Section 14A was deleted as the assessee had sufficient own funds exceeding investments, following a precedent set by the Supreme Court. The disallowance of prior period expenses was upheld based on consistent favorable rulings for the assessee by the Tribunal, emphasizing the Principle of Consistency. The appeal was dismissed, affirming the orders of the ld. CIT (Appeals) and ensuring a just outcome aligned with legal principles and precedents. Case-Laws Income Tax Tue, 07 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308101