https://www.taxtmi.com/caselaws?id=202271 The Tribunal upheld the Commissioner's order directing the Assessing Officer to make a pro rata disallowance in respect of expenditure incurred on items of income not forming part of the total income under section 14A of the Income-tax Act. The Tribunal found that the assessment was not finalized as it was directed to be modified by the first appellate authority, allowing the Commissioner to issue the order under section 263(2) for revision of assessment within the statutory time limit. The appellant's appeal was dismissed, permitting the assessee to provide details to limit the disallowance to the actual pro rata expenditure attributable to the relevant items of income. en-us Mon, 03 Aug 2009 00:00:00 +0530 Wed, 26 Dec 2012 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202271 The Tribunal upheld the Commissioner's order directing the Assessing Officer to make a pro rata disallowance in respect of expenditure incurred on items of income not forming part of the total income under section 14A of the Income-tax Act. The Tribunal found that the assessment was not finalized as it was directed to be modified by the first appellate authority, allowing the Commissioner to issue the order under section 263(2) for revision of assessment within the statutory time limit. The appellant's appeal was dismissed, permitting the assessee to provide details to limit the disallowance to the actual pro rata expenditure attributable to the relevant items of income. Case-Laws Income Tax Mon, 03 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202271