https://www.taxtmi.com/caselaws?id=761327 The ITAT Delhi allowed most grounds raised by the assessee for statistical purposes, directing the AO to re-examine prior period expenses and depreciation on estimated property costs. The tribunal ruled in favor of the assessee on revenue recognition on realization basis for loan fees, disallowance under section 14A where no exempt income was claimed, and CSR expenses incurred before 2015. Several issues were remanded for fresh verification. The tribunal partially allowed grounds on section 14A disallowance, limiting it to exempt income earned, and dismissed grounds on prior period expenditure lacking crystallization evidence. en-us Mon, 04 Nov 2024 00:00:00 +0530 Thu, 07 Nov 2024 16:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761327 The ITAT Delhi allowed most grounds raised by the assessee for statistical purposes, directing the AO to re-examine prior period expenses and depreciation on estimated property costs. The tribunal ruled in favor of the assessee on revenue recognition on realization basis for loan fees, disallowance under section 14A where no exempt income was claimed, and CSR expenses incurred before 2015. Several issues were remanded for fresh verification. The tribunal partially allowed grounds on section 14A disallowance, limiting it to exempt income earned, and dismissed grounds on prior period expenditure lacking crystallization evidence. Case-Laws Income Tax Mon, 04 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761327