https://www.taxtmi.com/caselaws?id=333863 The Tribunal allowed the assessee's appeal for AY 2008-09, directing the deletion of disallowances made under Section 14A of the Income Tax Act, 1961. The Tribunal found that the AO's disallowance, partly upheld by the CIT(A), was unjustified as the AO did not express dissatisfaction with the NIL disallowance made by the assessee. Additionally, for AY 2009-10, the Tribunal directed the AO to allow the claim of the assessee for prior period expenses, as the expenses were found to have been legitimately incurred during the relevant financial year. en-us Fri, 02 Sep 2016 00:00:00 +0530 Tue, 25 Oct 2016 22:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333863 The Tribunal allowed the assessee's appeal for AY 2008-09, directing the deletion of disallowances made under Section 14A of the Income Tax Act, 1961. The Tribunal found that the AO's disallowance, partly upheld by the CIT(A), was unjustified as the AO did not express dissatisfaction with the NIL disallowance made by the assessee. Additionally, for AY 2009-10, the Tribunal directed the AO to allow the claim of the assessee for prior period expenses, as the expenses were found to have been legitimately incurred during the relevant financial year. Case-Laws Income Tax Fri, 02 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333863