https://www.taxtmi.com/caselaws?id=192190 The Tribunal partially allowed the appeal, directing the disallowance under section 14A to be limited to Rs. 18,01,968, which is the variance between the total exempt income and the voluntary disallowance by the assessee. The excess disallowance beyond the exempt income was deemed impermissible, in accordance with precedents like Joint Investment Pvt. Ltd. Vs. CIT and CIT vs. Holcim India Pvt Ltd. The remaining disallowance amount was ordered to be removed, resulting in a revised assessment. en-us Wed, 29 Apr 2015 00:00:00 +0530 Fri, 19 May 2017 07:47:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192190 The Tribunal partially allowed the appeal, directing the disallowance under section 14A to be limited to Rs. 18,01,968, which is the variance between the total exempt income and the voluntary disallowance by the assessee. The excess disallowance beyond the exempt income was deemed impermissible, in accordance with precedents like Joint Investment Pvt. Ltd. Vs. CIT and CIT vs. Holcim India Pvt Ltd. The remaining disallowance amount was ordered to be removed, resulting in a revised assessment. Case-Laws Income Tax Wed, 29 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192190