https://www.taxtmi.com/caselaws?id=185861 The appeal was allowed, and the disallowance of Rs. 3,90,267 under section 14A for expenses related to earning exempt dividend income was deleted. The Tribunal emphasized the necessity of a direct connection between incurring expenses and earning exempt income for any disallowance to be valid, citing precedents and noting that the provisions for quantification of disallowance were not retrospective and lacked a prescribed computation method. en-us Fri, 09 May 2008 00:00:00 +0530 Tue, 30 Aug 2016 17:48:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185861 The appeal was allowed, and the disallowance of Rs. 3,90,267 under section 14A for expenses related to earning exempt dividend income was deleted. The Tribunal emphasized the necessity of a direct connection between incurring expenses and earning exempt income for any disallowance to be valid, citing precedents and noting that the provisions for quantification of disallowance were not retrospective and lacked a prescribed computation method. Case-Laws Income Tax Fri, 09 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185861