https://www.taxtmi.com/caselaws?id=258342 HC held that the AO erred under s.14A by using the total investment value instead of the average value of tax-exempt investments; the CIT(A) failed to correct this and substituted figures on equitable grounds. The HC set aside the findings of the ITAT and lower authorities, allowed the appeal, and remitted the matter to the AO to compute the tax effect after giving due notice to the assessee. Decision recorded in favour of the assessee for statistical purposes. en-us Tue, 24 Mar 2015 00:00:00 +0530 Sat, 01 Nov 2025 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258342 HC held that the AO erred under s.14A by using the total investment value instead of the average value of tax-exempt investments; the CIT(A) failed to correct this and substituted figures on equitable grounds. The HC set aside the findings of the ITAT and lower authorities, allowed the appeal, and remitted the matter to the AO to compute the tax effect after giving due notice to the assessee. Decision recorded in favour of the assessee for statistical purposes. Case-Laws Income Tax Tue, 24 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258342