https://www.taxtmi.com/caselaws?id=194505 The ITAT upheld the disallowance under section 14A of the Act for the Assessment Year 2008-09, confirming a disallowance of Rs. 5,03,361. However, the appeal by the assessee was partly allowed regarding the disallowance of cash expenses under section 40A(3). The ITAT directed a disallowance of Rs. 9.18 lakhs for cash expenses, with a further balance disallowance of Rs. 38.76 lakhs, restricted to Rs. 28.56 lakhs in total. The judgment emphasized the importance of adhering to tax regulations and maintaining accurate documentation for expense claims. en-us Tue, 28 Oct 2014 00:00:00 +0530 Mon, 11 Sep 2017 21:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194505 The ITAT upheld the disallowance under section 14A of the Act for the Assessment Year 2008-09, confirming a disallowance of Rs. 5,03,361. However, the appeal by the assessee was partly allowed regarding the disallowance of cash expenses under section 40A(3). The ITAT directed a disallowance of Rs. 9.18 lakhs for cash expenses, with a further balance disallowance of Rs. 38.76 lakhs, restricted to Rs. 28.56 lakhs in total. The judgment emphasized the importance of adhering to tax regulations and maintaining accurate documentation for expense claims. Case-Laws Income Tax Tue, 28 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194505