https://www.taxtmi.com/caselaws?id=261780 The Income Tax Appellate Tribunal (ITAT) allowed the Assessee's appeal and dismissed the Revenue's appeal regarding disallowance under Section 14A of the Income Tax Act. The ITAT emphasized the necessity for a live nexus between expenditure and income for disallowance, concluding that the Assessing Officer's disallowance was unjustified. The Court dismissed the appeal, finding no substantial question of law requiring determination and underscoring the importance of presenting all relevant documents and arguments during appeals for fair consideration. en-us Fri, 03 Jul 2015 00:00:00 +0530 Wed, 22 Jul 2015 06:38:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261780 The Income Tax Appellate Tribunal (ITAT) allowed the Assessee's appeal and dismissed the Revenue's appeal regarding disallowance under Section 14A of the Income Tax Act. The ITAT emphasized the necessity for a live nexus between expenditure and income for disallowance, concluding that the Assessing Officer's disallowance was unjustified. The Court dismissed the appeal, finding no substantial question of law requiring determination and underscoring the importance of presenting all relevant documents and arguments during appeals for fair consideration. Case-Laws Income Tax Fri, 03 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261780