https://www.taxtmi.com/caselaws?id=192207 The Tribunal limited the disallowance under section 14A to the exempt income, reducing the amount for the assessee. It directed the Assessing Officer to calculate the disallowance under Rule 8D based on specific considerations, resulting in a partial allowance of the appeal and deletion of excess disallowance. The judgment emphasized that disallowance should not surpass exempt income, offering detailed calculations for the revised disallowance amount. en-us Fri, 27 Nov 2015 00:00:00 +0530 Sat, 20 May 2017 08:59:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192207 The Tribunal limited the disallowance under section 14A to the exempt income, reducing the amount for the assessee. It directed the Assessing Officer to calculate the disallowance under Rule 8D based on specific considerations, resulting in a partial allowance of the appeal and deletion of excess disallowance. The judgment emphasized that disallowance should not surpass exempt income, offering detailed calculations for the revised disallowance amount. Case-Laws Income Tax Fri, 27 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192207