https://www.taxtmi.com/caselaws?id=346067 The court upheld the disallowance under section 14A for earning exempt dividend income, citing a logical method and reasonable estimation by the Tribunal. The appellant's challenge was dismissed as no legal flaws were demonstrated. Additionally, deductions under sections 37 and 80G for contributions to the Prime Minister's Relief Fund were denied due to the nature of the donations being in kind, which did not qualify for deductions as per Explanation 5 to section 80G. The court affirmed the Tribunal's decisions, finding no errors in their findings. en-us Mon, 17 Apr 2017 00:00:00 +0530 Thu, 03 Aug 2017 07:18:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346067 The court upheld the disallowance under section 14A for earning exempt dividend income, citing a logical method and reasonable estimation by the Tribunal. The appellant's challenge was dismissed as no legal flaws were demonstrated. Additionally, deductions under sections 37 and 80G for contributions to the Prime Minister's Relief Fund were denied due to the nature of the donations being in kind, which did not qualify for deductions as per Explanation 5 to section 80G. The court affirmed the Tribunal's decisions, finding no errors in their findings. Case-Laws Income Tax Mon, 17 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346067