https://www.taxtmi.com/caselaws?id=326897 The Tribunal directed the Assessing Officer to treat the entire business as speculative for setting off losses and deleted the disallowance under Section 14A. The Tribunal emphasized treating the business as a composite entity and ruled that disallowance under Section 14A is only applicable when actual expenditure is incurred for earning exempt income. The ground regarding the apportionment of expenses was dismissed as it was not pressed during the hearing. en-us Wed, 16 Mar 2016 00:00:00 +0530 Mon, 25 Apr 2016 19:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326897 The Tribunal directed the Assessing Officer to treat the entire business as speculative for setting off losses and deleted the disallowance under Section 14A. The Tribunal emphasized treating the business as a composite entity and ruled that disallowance under Section 14A is only applicable when actual expenditure is incurred for earning exempt income. The ground regarding the apportionment of expenses was dismissed as it was not pressed during the hearing. Case-Laws Income Tax Wed, 16 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326897