https://www.taxtmi.com/caselaws?id=353059 The Tribunal dismissed the Revenue's appeal regarding disallowance of expenses under Section 14A for exempted dividend income, upholding the CIT(A)'s decision that the additional disallowance was unjustified. In another issue, the Tribunal affirmed the CIT(A)'s ruling that no further disallowance was necessary for exempted agricultural income as the assessee had already accounted for related expenses in its books. The appeals filed by the Revenue on both grounds were dismissed, with the order pronounced on 20/12/2017. en-us Mon, 20 Nov 2017 00:00:00 +0530 Wed, 27 Dec 2017 09:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353059 The Tribunal dismissed the Revenue's appeal regarding disallowance of expenses under Section 14A for exempted dividend income, upholding the CIT(A)'s decision that the additional disallowance was unjustified. In another issue, the Tribunal affirmed the CIT(A)'s ruling that no further disallowance was necessary for exempted agricultural income as the assessee had already accounted for related expenses in its books. The appeals filed by the Revenue on both grounds were dismissed, with the order pronounced on 20/12/2017. Case-Laws Income Tax Mon, 20 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353059