https://www.taxtmi.com/caselaws?id=328409 The Tribunal allowed the assessee's appeals regarding disallowance under section 14A for both assessment years and dismissed the revenue's appeal, affirming the classification of repair and maintenance expenses as revenue expenditure. The judgment emphasized the importance of actual receipt of exempt income for disallowance under section 14A and the nature of expenditure in determining its classification for tax purposes. en-us Wed, 27 Apr 2016 00:00:00 +0530 Fri, 03 Jun 2016 12:09:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328409 The Tribunal allowed the assessee's appeals regarding disallowance under section 14A for both assessment years and dismissed the revenue's appeal, affirming the classification of repair and maintenance expenses as revenue expenditure. The judgment emphasized the importance of actual receipt of exempt income for disallowance under section 14A and the nature of expenditure in determining its classification for tax purposes. Case-Laws Income Tax Wed, 27 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328409