https://www.taxtmi.com/caselaws?id=212043 The Tribunal upheld the assessee's grievance regarding the disallowance under Section 14A but dismissed the grievance related to motor car and telephone expenses due to lack of specific arguments. The disallowance under Section 14A was reduced to Rs. 1,00,401, as the Tribunal found the CIT(A)'s approach unreasonable and contrary to legal precedent. The Tribunal emphasized that for assessment years prior to 2008-09, disallowance under Section 14A should be on a reasonable basis considering all relevant facts and circumstances. en-us Fri, 03 Feb 2012 00:00:00 +0530 Thu, 12 Apr 2012 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212043 The Tribunal upheld the assessee's grievance regarding the disallowance under Section 14A but dismissed the grievance related to motor car and telephone expenses due to lack of specific arguments. The disallowance under Section 14A was reduced to Rs. 1,00,401, as the Tribunal found the CIT(A)'s approach unreasonable and contrary to legal precedent. The Tribunal emphasized that for assessment years prior to 2008-09, disallowance under Section 14A should be on a reasonable basis considering all relevant facts and circumstances. Case-Laws Income Tax Fri, 03 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212043