https://www.taxtmi.com/caselaws?id=269457 The appeal was allowed in part by the ITAT, directing a reassessment of the deemed dividend addition under Sec. 2(22)(e) of the Act and restricting the disallowance under Sec. 14A to the amount of exempt income. The ITAT emphasized the need for accurate calculations and adherence to legal principles in tax assessments, ensuring that disallowances should not exceed the tax-exempt income. en-us Wed, 07 Oct 2015 00:00:00 +0530 Mon, 14 Dec 2015 23:15:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269457 The appeal was allowed in part by the ITAT, directing a reassessment of the deemed dividend addition under Sec. 2(22)(e) of the Act and restricting the disallowance under Sec. 14A to the amount of exempt income. The ITAT emphasized the need for accurate calculations and adherence to legal principles in tax assessments, ensuring that disallowances should not exceed the tax-exempt income. Case-Laws Income Tax Wed, 07 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269457