https://www.taxtmi.com/caselaws?id=349079 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) decision to restrict the disallowance under section 14A to the amount of exempt income earned by the assessee, which was &8377; 7,000. The ITAT affirmed that the disallowance should not exceed the exempt income, dismissing the department's appeal and confirming the limited disallowance of &8377; 7,000 as appropriate. en-us Tue, 26 Sep 2017 00:00:00 +0530 Thu, 05 Oct 2017 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349079 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) decision to restrict the disallowance under section 14A to the amount of exempt income earned by the assessee, which was &8377; 7,000. The ITAT affirmed that the disallowance should not exceed the exempt income, dismissing the department's appeal and confirming the limited disallowance of &8377; 7,000 as appropriate. Case-Laws Income Tax Tue, 26 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349079