https://www.taxtmi.com/caselaws?id=438906 The Tribunal allowed the appeals filed by the assessee for all assessment years, primarily addressing the disallowance of expenditure relatable to exempt income under Section 14A of the Income Tax Act. The Tribunal directed the Assessing Officer to delete the additions made towards disallowance of expenditure relatable to exempt income. Other issues raised by the assessee, including depreciation claims on leased assets, pension payments to bank employees, classification of software expenses, disallowance of expenses to increase authorized capital, and provision for wage revision, were not specifically addressed in the judgment. en-us Fri, 09 Jun 2023 00:00:00 +0530 Sun, 11 Jun 2023 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438906 The Tribunal allowed the appeals filed by the assessee for all assessment years, primarily addressing the disallowance of expenditure relatable to exempt income under Section 14A of the Income Tax Act. The Tribunal directed the Assessing Officer to delete the additions made towards disallowance of expenditure relatable to exempt income. Other issues raised by the assessee, including depreciation claims on leased assets, pension payments to bank employees, classification of software expenses, disallowance of expenses to increase authorized capital, and provision for wage revision, were not specifically addressed in the judgment. Case-Laws Income Tax Fri, 09 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438906