https://www.taxtmi.com/caselaws?id=332944 The Tribunal restricted the disallowance under section 14A to the amount voluntarily offered by the assessee, considering the sufficiency of own funds for investments and the specific nature of certain investments. As a result, the appeals of the assessee were partly allowed, while those of the Revenue were dismissed. The judgment highlights the importance of aligning disallowance under section 14A with actual expenses related to tax-exempt income and the availability of own funds for investments. en-us Fri, 19 Aug 2016 00:00:00 +0530 Thu, 29 Sep 2016 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332944 The Tribunal restricted the disallowance under section 14A to the amount voluntarily offered by the assessee, considering the sufficiency of own funds for investments and the specific nature of certain investments. As a result, the appeals of the assessee were partly allowed, while those of the Revenue were dismissed. The judgment highlights the importance of aligning disallowance under section 14A with actual expenses related to tax-exempt income and the availability of own funds for investments. Case-Laws Income Tax Fri, 19 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332944