https://www.taxtmi.com/caselaws?id=192943 The Tribunal allowed the appeal, ruling that the addition under Section 14A of the Income Tax Act was unsustainable as no exempt income was earned or shown during the assessment year. The Tribunal emphasized the importance of properly applying Section 14A and Rule 8D, requiring the recording of dissatisfaction with expenditure claims and verification of investment sources before making such additions. en-us Mon, 08 Aug 2016 00:00:00 +0530 Wed, 05 Jul 2017 10:45:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192943 The Tribunal allowed the appeal, ruling that the addition under Section 14A of the Income Tax Act was unsustainable as no exempt income was earned or shown during the assessment year. The Tribunal emphasized the importance of properly applying Section 14A and Rule 8D, requiring the recording of dissatisfaction with expenditure claims and verification of investment sources before making such additions. Case-Laws Income Tax Mon, 08 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192943