https://www.taxtmi.com/caselaws?id=326195 The Appellate Tribunal allowed the appeal filed by the assessee, reversing the decisions of the Assessing Officer and the First Appellate Authority. The disallowance made under Section 14A of the Act was found to exceed the exempt income and was deemed unjustified. Additionally, the notional interest charged by the Assessing Officer was overturned as there was no provision in the Act to add such interest if income had not accrued or been received by the assessee. en-us Wed, 06 Apr 2016 00:00:00 +0530 Fri, 08 Apr 2016 12:20:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326195 The Appellate Tribunal allowed the appeal filed by the assessee, reversing the decisions of the Assessing Officer and the First Appellate Authority. The disallowance made under Section 14A of the Act was found to exceed the exempt income and was deemed unjustified. Additionally, the notional interest charged by the Assessing Officer was overturned as there was no provision in the Act to add such interest if income had not accrued or been received by the assessee. Case-Laws Income Tax Wed, 06 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326195