https://www.taxtmi.com/caselaws?id=264746 The appeal by the Revenue against the deletion of disallowance of expenses under Section 14A read with Rule 8D was disposed of by the CIT(A). The CIT(A) found that no expenses were incurred by the assessee for the increase in investments, leading to the conclusion that disallowance under Section 14A was unwarranted. The matter was remanded back to the AO for further examination of the expenditure against the investment and dividend income earned by the assessee. The judgment emphasized the importance of substantiating disallowances with concrete evidence and the necessity of establishing actual expenses incurred in earning exempt income. en-us Wed, 23 Sep 2015 00:00:00 +0530 Thu, 01 Oct 2015 11:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264746 The appeal by the Revenue against the deletion of disallowance of expenses under Section 14A read with Rule 8D was disposed of by the CIT(A). The CIT(A) found that no expenses were incurred by the assessee for the increase in investments, leading to the conclusion that disallowance under Section 14A was unwarranted. The matter was remanded back to the AO for further examination of the expenditure against the investment and dividend income earned by the assessee. The judgment emphasized the importance of substantiating disallowances with concrete evidence and the necessity of establishing actual expenses incurred in earning exempt income. Case-Laws Income Tax Wed, 23 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264746