https://www.taxtmi.com/caselaws?id=179989 The ITAT dismissed the Revenue's appeal, upholding the CIT(A)'s order regarding the deletion of the addition made under Section 14A and the application of Rule 8D for disallowance. The CIT(A) restricted the disallowance of administrative expenses to the actual expenditure incurred by the assessee, leading to the deletion of a portion of the addition. The ITAT affirmed this decision, emphasizing that any disallowance cannot exceed the actual expenses claimed. The appeal was decided on 9th August, 2012. en-us Thu, 09 Aug 2012 00:00:00 +0530 Thu, 07 Apr 2016 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179989 The ITAT dismissed the Revenue's appeal, upholding the CIT(A)'s order regarding the deletion of the addition made under Section 14A and the application of Rule 8D for disallowance. The CIT(A) restricted the disallowance of administrative expenses to the actual expenditure incurred by the assessee, leading to the deletion of a portion of the addition. The ITAT affirmed this decision, emphasizing that any disallowance cannot exceed the actual expenses claimed. The appeal was decided on 9th August, 2012. Case-Laws Income Tax Thu, 09 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179989