https://www.taxtmi.com/caselaws?id=327301 The Tribunal partially allowed the appeal of M/s. Amar Packaging Pvt. Ltd. against the disallowance of expenses related to earning tax-free income under section 14A with Rule 8D of the Income Tax Act. The Tribunal held that the disallowance should not exceed the exempt income earned, citing the principle from a previous case. The disallowance was restricted to the exempt income amount, overturning the initial computation made by the assessing officer and CIT (A). en-us Fri, 29 Apr 2016 00:00:00 +0530 Sun, 08 May 2016 17:21:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327301 The Tribunal partially allowed the appeal of M/s. Amar Packaging Pvt. Ltd. against the disallowance of expenses related to earning tax-free income under section 14A with Rule 8D of the Income Tax Act. The Tribunal held that the disallowance should not exceed the exempt income earned, citing the principle from a previous case. The disallowance was restricted to the exempt income amount, overturning the initial computation made by the assessing officer and CIT (A). Case-Laws Income Tax Fri, 29 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327301