https://www.taxtmi.com/caselaws?id=196525 The court ruled in favor of the assessee regarding the exemption under Section 14A of the Income Tax Act, rejecting the disallowance made by the department and emphasizing the need for a proximate cause for disallowance related to tax-exempt income. However, on the issue of disallowance of deduction for advances made by rural branches under Section 36(1)(viia), the court sided with the department, upholding the disallowance based on the final population totals published. en-us Fri, 19 May 2017 00:00:00 +0530 Mon, 04 Dec 2017 21:08:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196525 The court ruled in favor of the assessee regarding the exemption under Section 14A of the Income Tax Act, rejecting the disallowance made by the department and emphasizing the need for a proximate cause for disallowance related to tax-exempt income. However, on the issue of disallowance of deduction for advances made by rural branches under Section 36(1)(viia), the court sided with the department, upholding the disallowance based on the final population totals published. Case-Laws Income Tax Fri, 19 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196525