https://www.taxtmi.com/caselaws?id=151793 The Revenue appealed against the deletion of a disallowance of Rs. 63.74 lakhs made by the Assessing Officer under section 14A of the Income-tax Act, 1961. The Commissioner of Income-tax (Appeals) had allowed relief to the assessee, an investment company, based on the nature of expenditure and its relation to earning dividend income. The Tribunal held that a portion of the salary expenditure is attributable to earning dividend income and directed the Assessing Officer to disallow such portion. The appeal of the Revenue was allowed for statistical purposes. en-us Mon, 14 May 2007 00:00:00 +0530 Mon, 17 Jun 2013 09:42:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151793 The Revenue appealed against the deletion of a disallowance of Rs. 63.74 lakhs made by the Assessing Officer under section 14A of the Income-tax Act, 1961. The Commissioner of Income-tax (Appeals) had allowed relief to the assessee, an investment company, based on the nature of expenditure and its relation to earning dividend income. The Tribunal held that a portion of the salary expenditure is attributable to earning dividend income and directed the Assessing Officer to disallow such portion. The appeal of the Revenue was allowed for statistical purposes. Case-Laws Income Tax Mon, 14 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151793