https://www.taxtmi.com/caselaws?id=263937 The Tribunal restricted the disallowance under section 14A to the amount voluntarily disallowed by the appellant, deleting the additional disallowance made by the Assessing Officer. The decision was based on the lack of nexus between certain expenses and the exempt income, as well as the AO's failure to provide sufficient reasoning for the disallowance. en-us Fri, 28 Aug 2015 00:00:00 +0530 Mon, 14 Sep 2015 06:57:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263937 The Tribunal restricted the disallowance under section 14A to the amount voluntarily disallowed by the appellant, deleting the additional disallowance made by the Assessing Officer. The decision was based on the lack of nexus between certain expenses and the exempt income, as well as the AO's failure to provide sufficient reasoning for the disallowance. Case-Laws Income Tax Fri, 28 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263937