https://www.taxtmi.com/caselaws?id=204910 The Court dismissed the appeal and held that the Assessing Officer should assess the admissibility of expenditure concerning income not forming part of the total income under Section 14A(1) of the Income Tax Act. The matter was remanded to determine the financing of shares acquisition in earlier years, emphasizing the lack of interference at that stage and answering the question against the assessee. en-us Wed, 19 Jan 2011 00:00:00 +0530 Wed, 15 Jun 2011 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204910 The Court dismissed the appeal and held that the Assessing Officer should assess the admissibility of expenditure concerning income not forming part of the total income under Section 14A(1) of the Income Tax Act. The matter was remanded to determine the financing of shares acquisition in earlier years, emphasizing the lack of interference at that stage and answering the question against the assessee. Case-Laws Income Tax Wed, 19 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204910