https://www.taxtmi.com/caselaws?id=209763 The ITAT partly allowed the assessee's appeal challenging the disallowance of expenses incurred for earning exempt income under section 14A of the Income Tax Act, 1961. The ITAT set aside the orders of the revenue authorities and remanded the matter to the Assessing Officer for a fresh decision in accordance with the High Court's judgment, emphasizing the need for a reasonable basis or method to determine expenditure related to income not forming part of the total income. en-us Mon, 02 Jan 2012 00:00:00 +0530 Sat, 06 Jul 2013 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209763 The ITAT partly allowed the assessee's appeal challenging the disallowance of expenses incurred for earning exempt income under section 14A of the Income Tax Act, 1961. The ITAT set aside the orders of the revenue authorities and remanded the matter to the Assessing Officer for a fresh decision in accordance with the High Court's judgment, emphasizing the need for a reasonable basis or method to determine expenditure related to income not forming part of the total income. Case-Laws Income Tax Mon, 02 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209763