https://www.taxtmi.com/caselaws?id=340027 The Tribunal partially allowed the appeal, limiting the disallowance to Rs. 2,86,655, aligning with the exempt income earned by the assessee. It was held that the disallowance under section 14A read with Rule 8D should not surpass the exempt income, following a similar decision by the ITAT Mumbai Bench. en-us Tue, 28 Feb 2017 00:00:00 +0530 Tue, 14 Mar 2017 09:51:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340027 The Tribunal partially allowed the appeal, limiting the disallowance to Rs. 2,86,655, aligning with the exempt income earned by the assessee. It was held that the disallowance under section 14A read with Rule 8D should not surpass the exempt income, following a similar decision by the ITAT Mumbai Bench. Case-Laws Income Tax Tue, 28 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340027