https://www.taxtmi.com/caselaws?id=177750 The appeal was allowed, and the disallowance of expenses under section 14A of the Income Tax Act for the assessment year 2004-05 was deleted. The Tribunal held that without specific findings, the Assessing Officer cannot estimate expenses, especially before relevant subsections were inserted in section 14A. As specific expenses were not identified for earning dividend income, the disallowance was overturned based on precedent. en-us Thu, 17 Apr 2008 00:00:00 +0530 Mon, 18 Jan 2016 11:22:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177750 The appeal was allowed, and the disallowance of expenses under section 14A of the Income Tax Act for the assessment year 2004-05 was deleted. The Tribunal held that without specific findings, the Assessing Officer cannot estimate expenses, especially before relevant subsections were inserted in section 14A. As specific expenses were not identified for earning dividend income, the disallowance was overturned based on precedent. Case-Laws Income Tax Thu, 17 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177750