https://www.taxtmi.com/caselaws?id=182256 The ITAT dismissed both the revenue's and the assessee's appeals for the assessment years 2008-09 and 2009-10 regarding the disallowance of expenditure under section 14A of the Income Tax Act. The ITAT upheld the CIT(A)'s decisions, emphasizing that the expenses were either rightly or wrongly disallowed based on their relationship to exempt income. The ITAT's judgment, delivered on 28th November 2014, relied on a comprehensive review of the facts, submissions, and legal precedents, affirming the lower authorities' orders in both cases. en-us Fri, 28 Nov 2014 00:00:00 +0530 Fri, 06 May 2016 11:48:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182256 The ITAT dismissed both the revenue's and the assessee's appeals for the assessment years 2008-09 and 2009-10 regarding the disallowance of expenditure under section 14A of the Income Tax Act. The ITAT upheld the CIT(A)'s decisions, emphasizing that the expenses were either rightly or wrongly disallowed based on their relationship to exempt income. The ITAT's judgment, delivered on 28th November 2014, relied on a comprehensive review of the facts, submissions, and legal precedents, affirming the lower authorities' orders in both cases. Case-Laws Income Tax Fri, 28 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182256