https://www.taxtmi.com/caselaws?id=331210 The Tribunal allowed the appeal of the assessee, ruling in favor of the assessee on both issues. It held that the disallowance of electricity expenses under section 40A(2)(b) was unjustified, considering the connection between the work performed and electricity consumption. Additionally, the disallowance under section 14A was reduced to 5% of the exempt income earned, deeming it fair and justified. en-us Fri, 17 Jun 2016 00:00:00 +0530 Wed, 17 Aug 2016 09:08:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331210 The Tribunal allowed the appeal of the assessee, ruling in favor of the assessee on both issues. It held that the disallowance of electricity expenses under section 40A(2)(b) was unjustified, considering the connection between the work performed and electricity consumption. Additionally, the disallowance under section 14A was reduced to 5% of the exempt income earned, deeming it fair and justified. Case-Laws Income Tax Fri, 17 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331210