https://www.taxtmi.com/caselaws?id=356208 The Tribunal allowed the appeals for assessment years 2005-06, 2007-08, and 2011-12, directing the deletion of disallowances made under section 14A. It was held that additions under section 153A must be supported by search findings, and disallowances cannot exceed exempt income. The Tribunal emphasized the need to adhere to the scope of assessment under section 153A and follow legal precedents like CIT vs. Kabul Chawla and Joint Investment Pvt. Ltd. to determine disallowances accurately. en-us Wed, 24 Jan 2018 00:00:00 +0530 Mon, 26 Feb 2018 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356208 The Tribunal allowed the appeals for assessment years 2005-06, 2007-08, and 2011-12, directing the deletion of disallowances made under section 14A. It was held that additions under section 153A must be supported by search findings, and disallowances cannot exceed exempt income. The Tribunal emphasized the need to adhere to the scope of assessment under section 153A and follow legal precedents like CIT vs. Kabul Chawla and Joint Investment Pvt. Ltd. to determine disallowances accurately. Case-Laws Income Tax Wed, 24 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356208