https://www.taxtmi.com/caselaws?id=184792 The Tribunal upheld the disallowance of expenditure under section 14A of the Income Tax Act, 1961 for the assessment year 2008-09. The Commissioner (Appeals) provided partial relief by excluding depreciation from the disallowance, reducing the amount by Rs. 7,22,000. The Tribunal affirmed the disallowance, emphasizing the substantial exempt income earned by the assessee and the need to examine expenses claimed in the Profit & Loss account. Consequently, the Tribunal dismissed the assessee's appeal, upholding the disallowance of expenditure under section 14A. en-us Wed, 10 Jul 2013 00:00:00 +0530 Wed, 20 Jul 2016 14:40:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184792 The Tribunal upheld the disallowance of expenditure under section 14A of the Income Tax Act, 1961 for the assessment year 2008-09. The Commissioner (Appeals) provided partial relief by excluding depreciation from the disallowance, reducing the amount by Rs. 7,22,000. The Tribunal affirmed the disallowance, emphasizing the substantial exempt income earned by the assessee and the need to examine expenses claimed in the Profit & Loss account. Consequently, the Tribunal dismissed the assessee's appeal, upholding the disallowance of expenditure under section 14A. Case-Laws Income Tax Wed, 10 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184792