https://www.taxtmi.com/caselaws?id=272082 The ITAT ruled in favor of the appellant regarding the disallowance under Section 14A of the Income Tax Act. The ITAT emphasized the necessity of establishing a clear nexus between income and expenses for tax-free earnings. The judgment highlighted the burden of proof on the appellant to demonstrate the connection between taxable income and disallowable expenses, directing a reassessment of the disallowance calculation. en-us Mon, 18 Jan 2016 00:00:00 +0530 Fri, 26 Feb 2016 06:20:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272082 The ITAT ruled in favor of the appellant regarding the disallowance under Section 14A of the Income Tax Act. The ITAT emphasized the necessity of establishing a clear nexus between income and expenses for tax-free earnings. The judgment highlighted the burden of proof on the appellant to demonstrate the connection between taxable income and disallowable expenses, directing a reassessment of the disallowance calculation. Case-Laws Income Tax Mon, 18 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272082