https://www.taxtmi.com/caselaws?id=344064 The Tribunal partially allowed the assessee's appeal, reducing the disallowance under Section 14A to Rs. 28,815/- and the disallowance towards administrative expenses to Rs. 25,000/-. The Tribunal emphasized that disallowance under Section 14A requires actual expenditure related to exempt income and that mechanical disallowance should not be made when the assessee has sufficient own funds for investments. en-us Fri, 26 May 2017 00:00:00 +0530 Mon, 05 Jun 2017 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344064 The Tribunal partially allowed the assessee's appeal, reducing the disallowance under Section 14A to Rs. 28,815/- and the disallowance towards administrative expenses to Rs. 25,000/-. The Tribunal emphasized that disallowance under Section 14A requires actual expenditure related to exempt income and that mechanical disallowance should not be made when the assessee has sufficient own funds for investments. Case-Laws Income Tax Fri, 26 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344064