https://www.taxtmi.com/caselaws?id=271668 The Tribunal partially allowed the appeal filed by the assessee, directing a reduced disallowance of Rs. 50,000 instead of the initial Rs. 4,77,740. The Tribunal found that while some administrative expenses should be disallowed, the original amount was excessive considering the nature of the exempt income received. The Tribunal emphasized the lack of evidence showing a direct nexus between the expenditure claimed and the tax-free income earned, referencing a previous decision that only proven expenditure related to tax-free income can be disallowed under section 14A. en-us Fri, 08 Jan 2016 00:00:00 +0530 Fri, 12 Feb 2016 10:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271668 The Tribunal partially allowed the appeal filed by the assessee, directing a reduced disallowance of Rs. 50,000 instead of the initial Rs. 4,77,740. The Tribunal found that while some administrative expenses should be disallowed, the original amount was excessive considering the nature of the exempt income received. The Tribunal emphasized the lack of evidence showing a direct nexus between the expenditure claimed and the tax-free income earned, referencing a previous decision that only proven expenditure related to tax-free income can be disallowed under section 14A. Case-Laws Income Tax Fri, 08 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271668