https://www.taxtmi.com/caselaws?id=216818 The HC held that the AO's addition under Section 14A for disallowance of expenditure related to exempt dividend income was not erroneous or prejudicial to revenue. The assessee's dividend income was limited to a single dividend from a sister concern, with no evidence of additional dividend income or special expenditure to earn it. The Tribunal had considered these facts, and the AO's view, though debatable, was sustainable. Therefore, the revision under Section 263 was not justified, and the AO's assessment order was upheld in favor of the assessee. en-us Mon, 17 Sep 2012 00:00:00 +0530 Wed, 13 Aug 2025 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216818 The HC held that the AO's addition under Section 14A for disallowance of expenditure related to exempt dividend income was not erroneous or prejudicial to revenue. The assessee's dividend income was limited to a single dividend from a sister concern, with no evidence of additional dividend income or special expenditure to earn it. The Tribunal had considered these facts, and the AO's view, though debatable, was sustainable. Therefore, the revision under Section 263 was not justified, and the AO's assessment order was upheld in favor of the assessee. Case-Laws Income Tax Mon, 17 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216818