https://www.taxtmi.com/caselaws?id=214488 The ITAT affirmed the disallowance of expenditure related to dividend income claimed as exempt under Section 14A of the Income-tax Act, 1961. The court held that Rule 8D was correctly applied, and the assessee could not dispute the computation after providing it. Additionally, the ITAT accepted the condonation petition for the delayed appeal filing, considering the reasons provided as valid and acceptable. en-us Mon, 20 Feb 2012 00:00:00 +0530 Thu, 28 Jun 2012 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214488 The ITAT affirmed the disallowance of expenditure related to dividend income claimed as exempt under Section 14A of the Income-tax Act, 1961. The court held that Rule 8D was correctly applied, and the assessee could not dispute the computation after providing it. Additionally, the ITAT accepted the condonation petition for the delayed appeal filing, considering the reasons provided as valid and acceptable. Case-Laws Income Tax Mon, 20 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214488