https://www.taxtmi.com/caselaws?id=337781 The ITAT Mumbai partially allowed the assessee's appeal, modifying the disallowances under section 14A and Rule 8D by directing a 1% disallowance of dividend income. The disallowance of expenditure on repairs and maintenance was upheld due to lack of evidence provided by the assessee. The appeal filed by the Assessing Officer was dismissed, and the ITAT Mumbai confirmed the decisions made by the FAA regarding the disallowances. en-us Fri, 06 Jan 2017 00:00:00 +0530 Tue, 17 Jan 2017 08:17:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337781 The ITAT Mumbai partially allowed the assessee's appeal, modifying the disallowances under section 14A and Rule 8D by directing a 1% disallowance of dividend income. The disallowance of expenditure on repairs and maintenance was upheld due to lack of evidence provided by the assessee. The appeal filed by the Assessing Officer was dismissed, and the ITAT Mumbai confirmed the decisions made by the FAA regarding the disallowances. Case-Laws Income Tax Fri, 06 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337781