https://www.taxtmi.com/caselaws?id=266312 The appellate tribunal allowed the appellant's appeal, emphasizing the importance of thoroughly examining expenses related to exempt income before making disallowances under section 14A. The tribunal highlighted the necessity of following the provisions of sub-section (2) of section 14A and ensuring the correctness of claims before resorting to rule 8D. The case serves as a reminder of procedural requirements and the need for a detailed analysis of expenses to determine the appropriate disallowance under section 14A. en-us Fri, 22 May 2015 00:00:00 +0530 Mon, 19 Oct 2015 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266312 The appellate tribunal allowed the appellant's appeal, emphasizing the importance of thoroughly examining expenses related to exempt income before making disallowances under section 14A. The tribunal highlighted the necessity of following the provisions of sub-section (2) of section 14A and ensuring the correctness of claims before resorting to rule 8D. The case serves as a reminder of procedural requirements and the need for a detailed analysis of expenses to determine the appropriate disallowance under section 14A. Case-Laws Income Tax Fri, 22 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266312