https://www.taxtmi.com/caselaws?id=308615 The Tribunal partly allowed the assessee's appeal regarding the disallowance under Section 14A, restricting the disallowance to Rs. 50,000. The Tribunal fully allowed the appeal concerning ESOP expenditure, following the Special Bench decision and the Karnataka High Court's ruling. The Revenue's cross-appeal on the disallowance of interest income on NPAs was dismissed, upholding the CIT(A)'s decision based on the real income theory and lack of distinguishing facts or law for the assessment year. en-us Fri, 23 Dec 2022 00:00:00 +0530 Sat, 08 Jul 2023 07:36:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308615 The Tribunal partly allowed the assessee's appeal regarding the disallowance under Section 14A, restricting the disallowance to Rs. 50,000. The Tribunal fully allowed the appeal concerning ESOP expenditure, following the Special Bench decision and the Karnataka High Court's ruling. The Revenue's cross-appeal on the disallowance of interest income on NPAs was dismissed, upholding the CIT(A)'s decision based on the real income theory and lack of distinguishing facts or law for the assessment year. Case-Laws Income Tax Fri, 23 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308615