https://www.taxtmi.com/caselaws?id=248693 The Tribunal upheld the decision of the CIT(A) to disallow expenses of Rs. 13,82,741 under Section 14A read with Rule 8D. It was determined that the expenses were correctly disallowed as the assessee failed to establish that no expenses were incurred for earning the exempt dividend income from mutual funds. The appeal of the assessee was dismissed, affirming the disallowance of expenses by the tax authorities. en-us Fri, 30 May 2014 00:00:00 +0530 Sat, 21 Jun 2014 08:45:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248693 The Tribunal upheld the decision of the CIT(A) to disallow expenses of Rs. 13,82,741 under Section 14A read with Rule 8D. It was determined that the expenses were correctly disallowed as the assessee failed to establish that no expenses were incurred for earning the exempt dividend income from mutual funds. The appeal of the assessee was dismissed, affirming the disallowance of expenses by the tax authorities. Case-Laws Income Tax Fri, 30 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248693