https://www.taxtmi.com/caselaws?id=255908 The Tribunal allowed the appeal partly, deleting the disallowance under Section 14A as no exempt income was earned, contrary to the AO's application of Rule 8D. The issues of addition of Rs. 6,62,012/- and disallowance of 20% of expenses were remanded to the AO for a fresh decision due to inadequate opportunity for the assessee to present evidence, ensuring compliance with principles of natural justice. The appeal outcome favored the assessee against the Revenue, with the order pronounced on 20/01/2015. en-us Tue, 20 Jan 2015 00:00:00 +0530 Fri, 30 Jan 2015 08:31:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255908 The Tribunal allowed the appeal partly, deleting the disallowance under Section 14A as no exempt income was earned, contrary to the AO's application of Rule 8D. The issues of addition of Rs. 6,62,012/- and disallowance of 20% of expenses were remanded to the AO for a fresh decision due to inadequate opportunity for the assessee to present evidence, ensuring compliance with principles of natural justice. The appeal outcome favored the assessee against the Revenue, with the order pronounced on 20/01/2015. Case-Laws Income Tax Tue, 20 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255908