https://www.taxtmi.com/caselaws?id=214607 The Tribunal remitted a case concerning disallowance under section 14A of the Income Tax Act back to the Assessing Officer for fresh consideration in accordance with the recent Delhi High Court decision in Maxopp Investment Ltd. The Assessing Officer had initially disallowed Rs. 16,90,103, reduced to Rs. 1,00,000 by the CIT(A), leading to a Revenue challenge. The Tribunal emphasized the importance of determining expenditure related to exempt income as per the High Court's ruling, setting aside previous orders and directing a reevaluation based on legal principles. en-us Fri, 15 Jun 2012 00:00:00 +0530 Sat, 14 Jul 2012 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214607 The Tribunal remitted a case concerning disallowance under section 14A of the Income Tax Act back to the Assessing Officer for fresh consideration in accordance with the recent Delhi High Court decision in Maxopp Investment Ltd. The Assessing Officer had initially disallowed Rs. 16,90,103, reduced to Rs. 1,00,000 by the CIT(A), leading to a Revenue challenge. The Tribunal emphasized the importance of determining expenditure related to exempt income as per the High Court's ruling, setting aside previous orders and directing a reevaluation based on legal principles. Case-Laws Income Tax Fri, 15 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214607