https://www.taxtmi.com/caselaws?id=235812 The tribunal partly allowed the appeal, directing the deletion of the disallowance related to bad debts and the penalty imposed by the Stock Exchange. Additionally, the tribunal adjusted the disallowance under section 14A by suggesting a reasonable estimation of 5% of the dividend income as expenditure related to tax-exempt income, considering the nature of the appellant's share brokering activities. en-us Fri, 31 May 2013 00:00:00 +0530 Mon, 05 Aug 2013 12:57:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235812 The tribunal partly allowed the appeal, directing the deletion of the disallowance related to bad debts and the penalty imposed by the Stock Exchange. Additionally, the tribunal adjusted the disallowance under section 14A by suggesting a reasonable estimation of 5% of the dividend income as expenditure related to tax-exempt income, considering the nature of the appellant's share brokering activities. Case-Laws Income Tax Fri, 31 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235812