https://www.taxtmi.com/caselaws?id=117667 The ITAT upheld the disallowance of Rs. 73,608 in administrative expenditure under section 14A of the Income-tax Act, 1961, for the assessment year 2001-02, as the assessee received exempt dividend income. The ITAT found the Assessing Officer's apportionment of expenses reasonable, dismissing the assessee's appeal and affirming the disallowance, including depreciation. en-us Mon, 31 Jan 2005 00:00:00 +0530 Wed, 15 May 2024 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117667 The ITAT upheld the disallowance of Rs. 73,608 in administrative expenditure under section 14A of the Income-tax Act, 1961, for the assessment year 2001-02, as the assessee received exempt dividend income. The ITAT found the Assessing Officer's apportionment of expenses reasonable, dismissing the assessee's appeal and affirming the disallowance, including depreciation. Case-Laws Income Tax Mon, 31 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117667