https://www.taxtmi.com/caselaws?id=327773 The Tribunal partially allowed the Assessee's appeal on the disallowance under Section 14A, limiting it to 1% of exempt income. It fully allowed the appeal on the applicability of Section 115JB, ruling it inapplicable to banking companies. The decision favored the Assessee, setting aside the disallowance under Section 14A and determining Section 115JB as not applicable to banking companies. en-us Wed, 06 Apr 2016 00:00:00 +0530 Thu, 19 May 2016 10:23:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327773 The Tribunal partially allowed the Assessee's appeal on the disallowance under Section 14A, limiting it to 1% of exempt income. It fully allowed the appeal on the applicability of Section 115JB, ruling it inapplicable to banking companies. The decision favored the Assessee, setting aside the disallowance under Section 14A and determining Section 115JB as not applicable to banking companies. Case-Laws Income Tax Wed, 06 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327773