https://www.taxtmi.com/caselaws?id=266897 The Tribunal partly allowed the appeal, restricting the disallowance under Section 14A to Rs. 58,963 for an assessee engaged in trading shares, cloth, commission, and real estate rent. The Tribunal concluded that Section 14A was not applicable as the dividend income was incidental to the business activities and restricted the disallowance to the amount of exempt income. The second ground of appeal regarding the confirmation of a 50% disallowance for various expenses was dismissed as not pressed. en-us Thu, 24 Sep 2015 00:00:00 +0530 Sat, 30 Apr 2016 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266897 The Tribunal partly allowed the appeal, restricting the disallowance under Section 14A to Rs. 58,963 for an assessee engaged in trading shares, cloth, commission, and real estate rent. The Tribunal concluded that Section 14A was not applicable as the dividend income was incidental to the business activities and restricted the disallowance to the amount of exempt income. The second ground of appeal regarding the confirmation of a 50% disallowance for various expenses was dismissed as not pressed. Case-Laws Income Tax Thu, 24 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266897