https://www.taxtmi.com/caselaws?id=334692 The Tribunal dismissed the Revenue's appeal, upholding the ld CIT(A)'s decision to delete the disallowance of expenses under section 14A of the IT Act, 1961. The Tribunal emphasized the need for accurate determination of expenditure related to exempt income and highlighted the lack of contrary material from the Revenue. The decision stressed the importance of not invoking provisions mechanically and supported the appellant's argument based on consistent facts and previous favorable decisions. en-us Fri, 23 Sep 2016 00:00:00 +0530 Fri, 18 Nov 2016 13:19:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334692 The Tribunal dismissed the Revenue's appeal, upholding the ld CIT(A)'s decision to delete the disallowance of expenses under section 14A of the IT Act, 1961. The Tribunal emphasized the need for accurate determination of expenditure related to exempt income and highlighted the lack of contrary material from the Revenue. The decision stressed the importance of not invoking provisions mechanically and supported the appellant's argument based on consistent facts and previous favorable decisions. Case-Laws Income Tax Fri, 23 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334692