https://www.taxtmi.com/caselaws?id=219116 The ITAT set aside the CIT(A)'s decision to reduce the disallowance under Section 14A and directed the AO to determine the expenditure incurred in managing and supervising investments. The ITAT emphasized the need for the AO to verify the correctness of the assessee's claims and to pass a speaking order based on relevant details provided by the assessee. The matter was remanded to the AO for fresh consideration in accordance with legal principles, allowing the assessee an opportunity to substantiate their expenses. en-us Fri, 02 Nov 2012 00:00:00 +0530 Tue, 04 Dec 2012 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219116 The ITAT set aside the CIT(A)'s decision to reduce the disallowance under Section 14A and directed the AO to determine the expenditure incurred in managing and supervising investments. The ITAT emphasized the need for the AO to verify the correctness of the assessee's claims and to pass a speaking order based on relevant details provided by the assessee. The matter was remanded to the AO for fresh consideration in accordance with legal principles, allowing the assessee an opportunity to substantiate their expenses. Case-Laws Income Tax Fri, 02 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219116