https://www.taxtmi.com/caselaws?id=312371 Amortisation of lease payment was upheld for the Noida Authority lease because the issue was covered against the assessee in an earlier year, while the Visakhapatnam/Tuticorin lease required fresh factual examination and was remanded for de novo consideration. Disallowance under section 14A was deleted because no exempt income had been earned, and the later Finance Act, 2022 amendment did not apply retrospectively to change that position. Deemed tax credit on dividend income under the Omani tax regime was sustained, as treaty provisions and the relevant tax clarification entitled the assessee to that credit. en-us Tue, 15 Nov 2022 00:00:00 +0530 Tue, 13 Feb 2024 19:49:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312371 Amortisation of lease payment was upheld for the Noida Authority lease because the issue was covered against the assessee in an earlier year, while the Visakhapatnam/Tuticorin lease required fresh factual examination and was remanded for de novo consideration. Disallowance under section 14A was deleted because no exempt income had been earned, and the later Finance Act, 2022 amendment did not apply retrospectively to change that position. Deemed tax credit on dividend income under the Omani tax regime was sustained, as treaty provisions and the relevant tax clarification entitled the assessee to that credit. Case-Laws Income Tax Tue, 15 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312371