https://www.taxtmi.com/caselaws?id=257122 The Tribunal partially allowed the appeal against the disallowance under section 14A of the Income Tax Act. The appellant's arguments regarding the incorrect invocation of section 14A, failure to meet statutory preconditions, and the absence of separate bank accounts for investments were considered. The Tribunal directed the Assessing Officer to disallow 0.5% of the expenditure under section 14A, following a previous order setting a specific disallowance percentage. en-us Fri, 09 Jan 2015 00:00:00 +0530 Sat, 14 Feb 2015 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257122 The Tribunal partially allowed the appeal against the disallowance under section 14A of the Income Tax Act. The appellant's arguments regarding the incorrect invocation of section 14A, failure to meet statutory preconditions, and the absence of separate bank accounts for investments were considered. The Tribunal directed the Assessing Officer to disallow 0.5% of the expenditure under section 14A, following a previous order setting a specific disallowance percentage. Case-Laws Income Tax Fri, 09 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257122