https://www.taxtmi.com/caselaws?id=348649 The ITAT Mumbai dismissed the Revenue's appeal, upholding the decisions of the CIT(A) regarding the disallowance under section 14A and the restriction of expenses. The Tribunal relied on its previous judgments in the assessee's own case for AYs 2008-09 and 2009-10, where it was established that there was no direct nexus between the expenses and the exempt income, leading to the dismissal of the Revenue's contentions. en-us Wed, 20 Sep 2017 00:00:00 +0530 Tue, 26 Sep 2017 07:56:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348649 The ITAT Mumbai dismissed the Revenue's appeal, upholding the decisions of the CIT(A) regarding the disallowance under section 14A and the restriction of expenses. The Tribunal relied on its previous judgments in the assessee's own case for AYs 2008-09 and 2009-10, where it was established that there was no direct nexus between the expenses and the exempt income, leading to the dismissal of the Revenue's contentions. Case-Laws Income Tax Wed, 20 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348649