https://www.taxtmi.com/caselaws?id=221944 The High Court of Kerala ruled against the assessee concerning disallowance under section 14A of the Income-tax Act, 1961, aligning with precedent. Regarding the assessment of excess cash, the court held that it need not be treated as income but could be considered as surplus in the suspense account for future liability, upholding the Tribunal's decision except for a specific excess amount identified in the previous year. en-us Tue, 20 Mar 2012 00:00:00 +0530 Sat, 06 Apr 2013 21:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221944 The High Court of Kerala ruled against the assessee concerning disallowance under section 14A of the Income-tax Act, 1961, aligning with precedent. Regarding the assessment of excess cash, the court held that it need not be treated as income but could be considered as surplus in the suspense account for future liability, upholding the Tribunal's decision except for a specific excess amount identified in the previous year. Case-Laws Income Tax Tue, 20 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221944