https://www.taxtmi.com/caselaws?id=330087 The appeal was allowed in part by the Appellate Tribunal in favor of the assessee. The Tribunal directed the Assessing Officer to reduce the disallowance under section 14A by the expenses already offered by the assessee. Additionally, the Tribunal upheld the assessee's claim for a higher rebate amount under section 88E based on the total taxable income from the business activity, rejecting the lower authorities' decision to reduce the deduction. en-us Wed, 27 Apr 2016 00:00:00 +0530 Mon, 18 Jul 2016 11:15:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330087 The appeal was allowed in part by the Appellate Tribunal in favor of the assessee. The Tribunal directed the Assessing Officer to reduce the disallowance under section 14A by the expenses already offered by the assessee. Additionally, the Tribunal upheld the assessee's claim for a higher rebate amount under section 88E based on the total taxable income from the business activity, rejecting the lower authorities' decision to reduce the deduction. Case-Laws Income Tax Wed, 27 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330087