https://www.taxtmi.com/caselaws?id=265031 The ITAT upheld the disallowance of expenses under section 14A of the Income Tax Act, 1961 for the assessment year 2008-2009. The appeal against the disallowance of expenses amounting to Rs. 4,82,690 was dismissed as the assessee failed to sufficiently demonstrate the absence of expenses related to earning dividend income. The ITAT found the disallowance under Rule 8D justified due to the lack of detailed expenditure information provided by the assessee, affirming the CIT(A)'s decision on the matter. en-us Thu, 18 Sep 2014 00:00:00 +0530 Thu, 24 Dec 2015 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265031 The ITAT upheld the disallowance of expenses under section 14A of the Income Tax Act, 1961 for the assessment year 2008-2009. The appeal against the disallowance of expenses amounting to Rs. 4,82,690 was dismissed as the assessee failed to sufficiently demonstrate the absence of expenses related to earning dividend income. The ITAT found the disallowance under Rule 8D justified due to the lack of detailed expenditure information provided by the assessee, affirming the CIT(A)'s decision on the matter. Case-Laws Income Tax Thu, 18 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265031