https://www.taxtmi.com/caselaws?id=214739 The Tribunal's decision to uphold the CIT(Appeals) ruling regarding the disallowance under Section 14A of the Income Tax Act was affirmed by the Court. The Court found no grounds to interfere with the assessee's chosen disallowance method and dismissed the revenue's appeal. Despite the revenue's argument for remitting the matter for re-computation, the Court held that the Assessing Officer should have assessed the sufficiency of the assessee's disallowance independently. As no errors were found in the assessee's computation, the Court concluded that no substantial question of law arose, leading to the dismissal of the appeal without costs. en-us Mon, 02 Jul 2012 00:00:00 +0530 Sat, 07 Dec 2013 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214739 The Tribunal's decision to uphold the CIT(Appeals) ruling regarding the disallowance under Section 14A of the Income Tax Act was affirmed by the Court. The Court found no grounds to interfere with the assessee's chosen disallowance method and dismissed the revenue's appeal. Despite the revenue's argument for remitting the matter for re-computation, the Court held that the Assessing Officer should have assessed the sufficiency of the assessee's disallowance independently. As no errors were found in the assessee's computation, the Court concluded that no substantial question of law arose, leading to the dismissal of the appeal without costs. Case-Laws Income Tax Mon, 02 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214739