https://www.taxtmi.com/caselaws?id=198025 Expenditure disallowable under section 14A is confined to the amount of exempt income to which it relates, and cannot exceed the exempt dividend actually earned. Applying this principle, the disallowance was examined against the dividend income received and found excessive to the extent it went beyond that exempt income. The disallowance was therefore restricted to the amount of exempt income, and the balance was deleted in favour of the assessee. en-us Thu, 27 Aug 2015 00:00:00 +0530 Sun, 21 Jan 2018 09:28:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198025 Expenditure disallowable under section 14A is confined to the amount of exempt income to which it relates, and cannot exceed the exempt dividend actually earned. Applying this principle, the disallowance was examined against the dividend income received and found excessive to the extent it went beyond that exempt income. The disallowance was therefore restricted to the amount of exempt income, and the balance was deleted in favour of the assessee. Case-Laws Income Tax Thu, 27 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198025