https://www.taxtmi.com/caselaws?id=268893 The court upheld the decision of the Commissioner (Appeals) regarding the disallowance of expenditure under section 14A of the Income Tax Act for the assessment year 2007-08. The disallowance was restricted to 0.5% of the value of investments, amounting to Rs. 42,423, based on indirect administrative expenses. The court admitted the substantial question of law on the disallowance of expenditure under section 40A(2)(a) for further examination, leaving the issue open for additional analysis. en-us Mon, 19 Oct 2015 00:00:00 +0530 Fri, 04 Dec 2015 15:18:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268893 The court upheld the decision of the Commissioner (Appeals) regarding the disallowance of expenditure under section 14A of the Income Tax Act for the assessment year 2007-08. The disallowance was restricted to 0.5% of the value of investments, amounting to Rs. 42,423, based on indirect administrative expenses. The court admitted the substantial question of law on the disallowance of expenditure under section 40A(2)(a) for further examination, leaving the issue open for additional analysis. Case-Laws Income Tax Mon, 19 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268893