https://www.taxtmi.com/caselaws?id=438640 The Tribunal upheld the deletion of disallowance under Section 14A of the Income Tax Act amounting to Rs. 2,36,66,025. Despite the Revenue's challenge, citing lack of exempt income from equity investments, the Tribunal dismissed the appeal, affirming the order to delete the addition towards disallowance. The Tribunal found no error in the CIT(A)'s decision based on relevant case law, including CIT v. Chettinad Logistics Pvt. Ltd. en-us Wed, 31 May 2023 00:00:00 +0530 Tue, 06 Jun 2023 08:42:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438640 The Tribunal upheld the deletion of disallowance under Section 14A of the Income Tax Act amounting to Rs. 2,36,66,025. Despite the Revenue's challenge, citing lack of exempt income from equity investments, the Tribunal dismissed the appeal, affirming the order to delete the addition towards disallowance. The Tribunal found no error in the CIT(A)'s decision based on relevant case law, including CIT v. Chettinad Logistics Pvt. Ltd. Case-Laws Income Tax Wed, 31 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438640