https://www.taxtmi.com/caselaws?id=205944 The Tribunal upheld the CIT(A)'s decision to restrict the disallowance of expenses related to earning exempt income under section 14A of the I.T. Act to Rs. 25,000 for Assessment Year 2001-02. Emphasizing the reasonable disallowance of expenses, the Tribunal dismissed the revenue's appeal, citing the minimal expenses incurred in relation to the significant dividend income received from a single company. The judgment clarified that disallowances under section 14A must be reasonable and case-specific, affirming the appropriateness of limiting the disallowance in this case. en-us Fri, 29 Oct 2010 00:00:00 +0530 Thu, 04 Aug 2011 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205944 The Tribunal upheld the CIT(A)'s decision to restrict the disallowance of expenses related to earning exempt income under section 14A of the I.T. Act to Rs. 25,000 for Assessment Year 2001-02. Emphasizing the reasonable disallowance of expenses, the Tribunal dismissed the revenue's appeal, citing the minimal expenses incurred in relation to the significant dividend income received from a single company. The judgment clarified that disallowances under section 14A must be reasonable and case-specific, affirming the appropriateness of limiting the disallowance in this case. Case-Laws Income Tax Fri, 29 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205944